Chapter 15, Problem 38E

Sundahl Company’s income statements for the past 2 years are as follows:

Refer to the information for Sundahl Company above.

Required:

1. 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)
2. 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)