On a common size basis, how many years had operating margin (percent) higher than the...
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Accounting
On a common size basis, how many years had operating margin (percent) higher than the industry average?
| ABC, Inc. | |||||
| Industry | |||||
| Year 1 | Year 2 | Year 3 | Year 4 | common size | |
| Revenue | 1,325,154 | 1,478,531 | 1,375,564 | 1,754,253 | 100% |
| Cost of sales | 525,143 | 575,135 | 604,658 | 702,451 | 45% |
| Gross profit | 800,011 | 903,396 | 770,906 | 1,051,802 | 55% |
| Operating expenses | 725,124 | 725,468 | 795,453 | 845,245 | 45% |
| Operating income | 74,887 | 177,928 | (24,547) | 206,557 | 10% |
| Interest expense | 24,057 | 26,451 | 28,254 | 32,546 | 3% |
| Income before taxes | 50,830 | 151,477 | (52,801) | 174,011 | 7% |
| Income taxes | 20,332 | 60,591 | - | 69,604 | 3% |
| Net income | 30,498 | 90,886 | (52,801) | 104,407 | 4% |
| One | |
| Two | |
| Three | |
| Four |
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