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

question 112

Essay

Express the following income statement information in common-size percents (round to nearest whole percent).Comment on the results.
$\begin{array}{c}\text {THORSTEN CORP}\\\text {Comparative Income Statement }\\\text {For Years Ended December 31, 2014 and 2013}\\\begin{array}{|l|r|r|}\hline&2014&2013\\\hline\text { Sales } & \$ 1,200,000 & \$ 1,000,000 \\\hline \text { Cost of goods sold } & \underline{804,000} & \underline{650,000} \\\hline \text { Gross profit } & \$ 396,000 & \$ 350,000 \\\hline \text { Selling expenses } & 132,000 & 120,000 \\\hline \text { Administrative expenses } & 180,000 & 150,000 \\\hline \text { Net income } & \$ 84,000 & \$ 80,000 \\\hline\end{array}\end{array}$

Identify the characteristics and criteria for diagnosing eating disorders such as bulimia nervosa and anorexia nervosa.

Describe the psychological and physical consequences of eating disorders.

Recognize the role of genetics and brain structure differences in predisposing individuals to certain behavior patterns and disorders.

Examine the impact of cultural and societal influences on body image and the development of eating disorders.

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Definitions:

Broadband

The transmission capacity of a communications medium that is faster than 25 Mbps.

Downloadability

The capability of digital content to be transferred from the internet to a user's local computer or device.

Crowdsourced Data

Information gathered from the general public or a large group of people, usually through the internet, where individuals voluntarily contribute data.

GasBuddy

A mobile application that provides users with real-time gas price comparisons in various locations.