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Accounting

if its correct ill thumbs up!
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Prepare a comparative common-size income statement for Delight Corporation. To an investor, how does the current year compare with the prior year? Explain your reasoning. (Click the icon to view the comparative income statement.) Data table Delight Corporation Comparative Common-Size Income Statement For the Years Ended December 31 Sales revenues Less: Cost of goods sold Gross profit Loss: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income Now you are ready to compare the two years. An investor would be with the current year in comparison with the prior year. Net sales and net income are both significantly from the prior year. Cost of goods sold and operating expenses - the two largest expenses - consumed percentages of total revenues in the current year, and net income represents a percentage of revenues, Overall, profits are

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