Common Sized Statements
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1. Common size income statement is created by taking all the numbers in the income statement and stating them as a percentage of Sales or Revenue.
Fox Manufacturing Company
Income Statement
for the Year Ended December 31, 2006
Sales revenue ............................................ 100%
Less: Cost of goods sold .................................... 77%
Gross profits .................................... 23%
Less: Operating expenses
General and administrative expenses 5%
Depreciation expense 5%
Total operating expense.................................... 10%
Operating profits ............................................. 13%
Less: Interest expense ................................... 2%
Net profits before taxes ................................. 12%
Less: Taxes ............................................. 5%
Net profits after taxes (earnings available 7%
for common stockholders)
Earnings per share (EPS) $2.15
The differences between the 2005 and ...
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