The following is a comparative income statements of Geraldo Corporation:

GERALDO CORPORATION
Comparative Income Statements
For Years Ended December 31, 2011 and 2010
2011 2010
Sales $ 1,053,000 $ 810,000
Cost of goods sold 526,500 405,000


Gross profit 526,500 405,000
Operating expenses 243,000 162,000


Net income $ 283,500 $ 243,000


Express the above comparative income statements in common-size percents. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)

2011 2010
Sales 100.0 % 100.0 %
Cost of goods sold


Gross profit
Operating expenses


Net income % %


The company's situation in the most recent year has:

Improved
Worsened
Remained unchanged

Alpha Geek

(8)

Status NEW Posted 10 May 2017 05:05 PM My Price 3.00

-----------

Attachments

file 1494438555-448879_1_636299052289050437_common-size-statement.xlsx preview (14 words )

co-----------mmo-----------n s-----------ize----------- st-----------ate-----------men-----------t p-----------art-----------icu-----------lar-----------s s-----------ale-----------sco-----------st -----------of -----------goo-----------d s-----------old-----------gro-----------ss -----------pro-----------fit----------- op-----------era-----------tin-----------g e-----------xpe-----------nse-----------s n-----------et -----------inc-----------ome----------- -----------

Not Rated(0)

• Buy Answer