Comparative income statement for Deep Sea Company for 2016 and 2015 are given below 2016 ( in $) 2015 ( in $) Revenue 1123420 876530 Cost of Goods Sold 635780 458790 Gross Profit 487640 417740 Selling and general Expense 156870 110980 Operating Profit 330770 306760 Interest Expense 45890 40980 Income Before Tax 284880 265780 Income Tax expenses 97650 82340 Net Profit 187230 183440 Prepare the common size income statement of Deep Sea Company for 2016 and 2015. Enter the numbers without decimals. Do not round off the numbers. Add % sign after the numbers. Revenue Cost Of goods sold Gross profit Selling and general expenses Operating profit Interest expense Income before tax Income tax expenses Net Profit unanswered
Comparative income statement for Deep Sea Company for 2016 and 2015 are given below
2016 ( in $) 2015 ( in $)
Revenue 1123420 876530
Cost of Goods Sold 635780 458790
Gross Profit 487640 417740
Selling and general Expense 156870 110980
Operating Profit 330770 306760
Interest Expense 45890 40980
Income Before Tax 284880 265780
Income Tax expenses 97650 82340
Net Profit 187230 183440
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