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Question & Answer: Computer City, Inc.'s comparative income statement is shown below: Prepare a com…..

15. (14 points) Computer City, Inc.s comparative income statement is shown below: Computer City, Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Net sales Expenses: 2,097,000 3,275,000 Cost of goods sold Selling expenses General expenses Interest expense 1,281,000 253,000 104,000 36,000 1.674.000 423,000 1,672,000 372,000 311,000 36,000 2,391,000 384,000 Total expenses Net Income Required: Prepare a common-size income statement for 2012 and 2011 showing the percentages for each item listed above. Round percentages to one-tenth percent.

Computer City, Inc.’s comparative income statement is shown below: Prepare a common-size income statement for 2012 and 2011 showing the percentages for each item listed above. Round percentages to one-tenth percent.

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