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Common-Size Income Statements \table[[\table[[TRI-DUB COMPANY],[Income Statements],[Year Ended December 31($ millions)]],2020,2019,Common-size income statement for 2019],[Numerator,r I,Denominator,=,%],[Net...

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Accounting

Common-Size Income Statements \table[[\table[[TRI-DUB COMPANY],[Income Statements],[Year Ended December 31($ millions)]],2020,2019,Common-size income statement for 2019],[Numerator,r I,Denominator,=,%],[Net sales,$316,985,$316,512,$,/,$,=,%],[Operating expenses],[Cost of sales,132,840,137,088,0,/,0,=,%],[Selling, general, and administrative expenses,55,432,56,232,0,/,0,=,%],[Research, development, and related expenses,15,024,15,288,0,/,0,=,%],[Gain on sale of businesses,(3,112),(912),0,/,0,=,%],[Total operating expenses,200,184,207,696,0,/,0,=,%],[Operating income,57,288,49,392,0,/,0,=,%],[Other expense (income), net,3,600,3,696,0,/,0,=,%],[Income before income taxes,53,688,45,696,0,/,0,=,%],[Provision for income taxes,10,544,9,040,0,/,0,=,%],[Income of consolidated group,43,144,36,656,0,1,0,=,%],[Income (loss) from unconsolidated subsidiaries, net of taxes,(40),-,0,/,0,=,%],[Net income including noncontrolling interest,$43,104,$36,656,0,/,0,=,%]]
Following is the income statement for Tri-Dub Company. Prepare common-size income statements for 2020 and 2019.
Note: Use negative signs with your answers when necessary.
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