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  3. a. prepare common size income statements for price

a. Prepare common size Income statements for Price Company, a sole proprletorship, for the two...

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Accounting

a. Prepare common size Income statements for Price Company, a sole proprletorship, for the two years shown as above by
converting the dollar amounts Into percentages. For each year, sales will appear as 100 percent and other Items will be
expressed as a percentage of sales. (Income taxes are not Involved as the business is not Incorporated.)
b. State whether the changes from year 1 to year 2 are favorable or unfavorable.
Complete this question by entering your answers in the tabs below.
Required B
Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown as above by
converting the dollar amounts into percentages. For each year, sales will appear as 100 percent and other items will be
expressed as a percentage of sales. (Income taxes are not involved as the business is not incorporated.)
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