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acct prob




Class-prepare a common-size income statement for the McMahon Music Co. Do this in Excel. Do not post your spreadsheet in the discussion, but rather, place a screenshot of it. How did you format the cells? Any suggestions on where to obtain assistance with building the spreadsheet?;Paul;E13-19A Prepare a comparative common-size income statement for McMahon Music, Co.;using the 2012 and 2011 data below (round to four decimal places).;McMahon Music Co.;Comparative Income Statements;Years Ended December 31, 2012 and 2011;2012 2011;Total revenue $ 1,077,000 $ 917,000;Expenses;Cost of goods sold $ 477,000 $ 408,750;Selling and general expenses 287,000 265,000;Interest expense 23,500 13,500;Income tax expense 105,500 84,650;Total expenses 893,000 771,900;Net income $ 184,000 $ 145,100


Paper#80002 | Written in 18-Jul-2015

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