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22 TB Problem 3-155 (Algo) The income statements for... The income statements for the Alpha Company and the Omega Company for the current year appear below: Net sales Cost of goods sold Operating expense Alpha Company $1,070,000 483,000 376,000 Omega Company $261,000 108,000 73,300 Required: Prepare common size income statements for the Alpha Company and the Omega Company. Note: Round your percentage answers to 1 decimal place. Alpha Company Percent Omega Company Percent

22 TB Problem 3-155 (Algo) The income statements for... The income statements for the Alpha Company and the Omega Company for the current year appear below: Net sales Cost of goods sold Operating expense Alpha Company $1,070,000 483,000 376,000 Omega Company $261,000 108,000 73,300 Required: Prepare common size income statements for the Alpha Company and the Omega Company. Note: Round your percentage answers to 1 decimal place. Alpha Company Percent Omega Company Percent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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22 TB Problem 3-155 (Algo) The income statements for... The income statements for the Alpha Company and the Omega Company for the current year appear below: Omega Company $261,000 108,000 73,300 Net sales Cost of goods sold Operating expense Alpha Company $1,070,000 483,000 376,000 Required: Prepare common size income statements for the Alpha Company and the Omega Company. Note: Round your percentage answers to 1 decimal place. Alpha Company Percent Omega Company Percent
Transcribed Image Text:22 TB Problem 3-155 (Algo) The income statements for... The income statements for the Alpha Company and the Omega Company for the current year appear below: Omega Company $261,000 108,000 73,300 Net sales Cost of goods sold Operating expense Alpha Company $1,070,000 483,000 376,000 Required: Prepare common size income statements for the Alpha Company and the Omega Company. Note: Round your percentage answers to 1 decimal place. Alpha Company Percent Omega Company Percent
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