Using the Income Statement Below,develop a Common-Size Statement by Filling

question 89

Essay

Using the income statement below,develop a common-size statement by filling in the blanks provided.Show your work.Round to one decimal place.
$\begin{array}{lcc}&\mathbf {20xx}&\mathbf {20xx}\\ \text { Net sales } & \$ 780,000&\underline{\quad\quad} \\ \text { Cost of goods sold } & \underline{452,400}&\underline{\quad\quad} \\ \text { Gross margin } & \$ 327,600&\underline{\quad\quad} \\ \text { Operating expenses } & \underline{156,000}&\underline{\quad\quad} \\\text { Income before income taxes }&\$171,600 &\underline{\quad\quad}\\\text { Income taxes expense }& \underline{124,800}&\underline{\quad\quad}\\ \text { Net income } & \underline{\$ 46,800}&\underline{\quad\quad} \\\end{array}$

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Definitions:

Knowledge-Workers

Employees whose main capital is knowledge, typically performing tasks that require cognitive skills, such as developing new ideas, analyzing information, and solving complex problems.

Self-Organizing

A process where a system spontaneously organizes itself without being guided or managed by an external authority, often leading to new, emergent structures or behaviors.

Kaizen

A Japanese business philosophy of continuous improvement of working practices and personal efficiency.

Postmodern Organizations

Organizations characterized by a decentralized, flexible arrangement of activities that operate in the rapidly changing, complex environments of the postmodern era.