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acct212_courseproject2_template_100092013_1440_2_revised.pdf
McDonough
Products
Industry
Average
Net sales…………………………………………………… 100.00% 100.0% Cost of goods sold……………………………………….. 70.00% Gross profit…………………………….………………….. 30.00% Operating expenses………………………………………. 25.00% Operating income…………………………………………. 5.00% Other expenses……………………………………………. 1.00% Net income………………………………………………… 4.00%
McDonough
Products
Industry
Average
Current assets…………………………………………….. Fixed assets, net………………………………………….. Intangible assets, net……………………………………… Other assets………………………………………………. Total assets………………………………………………..
Current liabilities………………………….……………….. Long-term liabilities……………………………………….. Stockholders’ equity………………………………………. Total liabilities and stockholders’ equity…………………
a
Requirement #1
Requirement #2
Requirement #3
McDonough Products, Inc.
Common-Size Income Statement Compared to Industry Average
Year Ended December 31, 2010
McDonough Products, Inc.
Common-Size Balance Sheet Compared to Industry Average
Year Ended December 31, 2010
