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QUESTION
accounting homework
Prepare a common-size income statement for
RostRost
Department Stores. (Round your answers to one decimal place.)
Save Accounting Table... + Copy to Clipboard... +Rost Department Stores, Inc.
Common-Size Income Statement Compared to Industry Average
Year Ended December 31, 2010
Rost
Industry
(%)
Average (%)
Net sales
100.0
Cost of goods sold
65.8
Gross profit
34.2
Operating expenses
19.7
Operating income
14.5
Other expenses
0.4
Net income
14.1
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