Ramos CompanyRamos Company included the following informatio…
Ramos CompanyRamos Company included the following information in its annual report:201120102009Sales$178,400$162,500$155,500Cost of goods sold115,000102,500100,000Operating expenses50,00050,00045,000Net income13,40010,00010,500 Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as: