Express the Following Income Statement Information in Common-Size Percentages (Round

question 30

Essay

Express the following income statement information in common-size percentages (round to nearest whole percent). Comment on the results.
$\begin{array}{c} \text {Haans Corp.}\\ \text {Comparative Income Statements}\\ \text {For Years Ended December 31,2018 and 2017}\\\begin{array}{|l|}\hline\\\hline \text {Sales}\\\hline \text {Cost of goods sold}\\\hline \text {Grossprofit}\\\hline \text {Selling expenses}\\\hline \text {Administrative expenses}\\\hline \text {Net income}\\\hline\end{array}\begin{array}{r|}\hline2018\\\hline\$1,2000,000\\\hline\underline{804,000}\\\hline\$\quad396,000\\\hline132,000\\\hline\underline{180,000}\\\hline\underline{\$\quad84,000}\\\hline\end{array}\begin{array}{r|}\hline2017\\\hline\$ 1,000,000 \\\hline 650,000 \\\hline\$ \quad 350,000 \\\hline 120,000 \\\hline \underline{150,000} \\\hline\underline{\$ \quad 80000}\\\hline \end{array}\end{array}$

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Definitions:

Gestalt Therapy

A type of mental health therapy that highlights the importance of personal accountability and concentrates on the person's current experiences, the dynamics between therapist and client, the social and environmental factors influencing a person's life, and the self-adjustments made in response to their broader circumstances.

Directive

An instruction or order given with authority, often in a formal or regulatory context.

Ideal Self

The person an individual aspires to be, often involving aspirations and values that motivate behavior.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing individual potential for growth and the importance of self-actualization.