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businessaccountingaccounting questions and answersof furniture store, inc. income statement years ended december 31, 2019 and 2018 2019 $494,000 $472,000 243,000 231,000 $251,000 $241,000 150,000 142,000 $101,000 $ 99,000 18,000 14,000 $ 87,000 $ 81,000 23,000 17,000 $ 64,000 $ 64,000 prepare a common-size income statement (vertical analysis) for the two years. argument whether the company's profitability
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Question: Of Furniture Store, Inc. Income Statement Years Ended December 31, 2019 And 2018 2019 $494,000 $472,000 243,000 231,000 $251,000 $241,000 150,000 142,000 $101,000 $ 99,000 18,000 14,000 $ 87,000 $ 81,000 23,000 17,000 $ 64,000 $ 64,000 Prepare A Common-Size Income Statement (Vertical Analysis) For The Two Years. Argument Whether The Company's Profitability
of
Furniture store, Inc.
Income Statement
Years Ended December 31, 2019 and 2018
2019
$494,000
$472,000
243,000
231,000
$251,
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Transcribed image text: of Furniture store, Inc. Income Statement Years Ended December 31, 2019 and 2018 2019 $494,000 $472,000 243,000 231,000 $251,000 $241,000 150,000 142,000 $101,000 $ 99,000 18,000 14,000 $ 87,000 $ 81,000 23,000 17,000 $ 64,000 $ 64,000 Prepare a common-size income statement (vertical analysis) for the two years. Argument whether the company's profitability improved or deteriorated during 2019 and why. A▾ B I EE Net Sales Revenues Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Tax Income Tax Expense Net Income Requirements: 1. 2. 7 20 2² 1 2018