Calculate the Common Size Income Statement based on the Income Statement provided.(Answers should look like this 10.1%, only one decimal place must use % sign or the system will count it wrong.)(If it is 10.0% include the .0% at the end or the system will count it wrong.)(Round to the nearest first decimal (.1), so if it is .13 = .1 if it is .15.2 if it is .01 .0) Net SalesCOGSDepreciationEBITInterestTaxable IncomeTaxesNet Income2019 Income StatementDividendsAdditions to Retained Earnings147647.743,4561,8952351,3263201,006211.26794.74

Answer:- Common size income statement meaning:- An income statement that expresses each line item…

Answered: Net Sales COGS Depreciation EBIT…

Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement. Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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Question

Calculate the Common Size Income Statement based on the Income Statement provided.
(Answers should look like this 10.1%, only one decimal place must use % sign or the system will count it wrong.)
(If it is 10.0% include the .0% at the end or the system will count it wrong.)
(Round to the nearest first decimal (.1), so if it is .13 = .1 if it is .15.2 if it is .01 .0)

Net Sales
COGS
Depreciation
EBIT
Interest
Taxable Income
Taxes
Net Income
2019 Income Statement
Dividends
Additions to Retained Earnings
147
647.74
3,456
1,895
235
1,326
320
1,006
211.26
794.74

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