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(1) Required information 2. Complete the...

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Accounting

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(1) Required information 2. Complete the below table to calculate income statement data in common-size percents. Note: Round your percentage answers to 2 decimal places. Required information 4. Refer to the results from parts 1,2 , and 3. (a) Did cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year? Yes No (b) Did income as a percent of sales improve in the most recent year compared to the prior year? Yes No (c) Did plant assets grow over this period? Yes No

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