Alpha co. has cost of goods sold of $77 million, net income of $9.6 million, sales of $120 million, and total assets of $150 million. a common-size income statement will show cost of goods sold of percent and a net profit of percent.

Mcgraw-hill education uses $3,800 worth of electricity and natural gas in its headquarters building for which it has not yet been billed. at the beginning of january, turner construction company pays $963 for magazine advertising to run in monthly publications each of the first three months of the year. dell pays its computer service technicians $403,000 in salaries for the two weeks ended january 7. answer from dell's standpoint. the university of florida orders 60,000 season football tickets from its printer and pays $8,340 in advance for the custom printing. the first game will be played in september. answer from the university's standpoint.