In 2022, 3M Co. had the total sales of $34,229 million, costs of $19.232 million, and net income of $5.777 million. What would be the percentage for sales on its 2022 common size income statement? O 56.19% 16.88% Ⓒ100.00% 30.04%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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In 2022, 3M Co. had the total sales of $34,229 million, costs of $19,232 million, and
net income of $5,777 million. What would be the percentage for sales on its 2022
common size income statement?
56.19%
16.88%
Ⓒ100.00%
30.04%
Transcribed Image Text:In 2022, 3M Co. had the total sales of $34,229 million, costs of $19,232 million, and net income of $5,777 million. What would be the percentage for sales on its 2022 common size income statement? 56.19% 16.88% Ⓒ100.00% 30.04%
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