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Compare Martinez and Royo By converting Martinez 10,900 $ 6,660 3,564 Martinez Amount Net sales Cost of goods sold Other expense Net income Which company ears more net income? Which company's net income is a higher percentage of its net sales? Rojo 676 S 19.536 14,203 4,356 977 Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent) Rojo Amount %

Compare Martinez and Royo By converting Martinez 10,900 $ 6,660 3,564 Martinez Amount Net sales Cost of goods sold Other expense Net income Which company ears more net income? Which company's net income is a higher percentage of its net sales? Rojo 676 S 19.536 14,203 4,356 977 Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent) Rojo Amount %

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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← Compare Martinez and Rojo by converting their income statements to common size. Martinez Rojo $ Net sales Cost of goods sold Other expenses Net income Net sales Cost of goods sold Other expense Net income Which company ears more net income? Which company's net income is a higher percentage of its not sales? Amount $ 10,900 $ 6,660 3,564 + Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent.) Martinez Rojo 10,900 6,660 3,564 676 676 $ % 19,536 14,203 4,356 977 % $ % % 18 Amount 19,536 14,203 4,356 977 %
Transcribed Image Text:← Compare Martinez and Rojo by converting their income statements to common size. Martinez Rojo $ Net sales Cost of goods sold Other expenses Net income Net sales Cost of goods sold Other expense Net income Which company ears more net income? Which company's net income is a higher percentage of its not sales? Amount $ 10,900 $ 6,660 3,564 + Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent.) Martinez Rojo 10,900 6,660 3,564 676 676 $ % 19,536 14,203 4,356 977 % $ % % 18 Amount 19,536 14,203 4,356 977 %
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