S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $10 600 6 455 3 541 $18 600 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit?

S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $10 600 6 455 3 541 $18 600 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit?

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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