Common-size statement analysis A common-size income statement for Creek Enterprises' operations follows LOADING Using the firm's income statement LOADING..., develop the common-size income statement and compare it to the statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31, and compare it to the common-size income statement for the year ending December : (Round to one decimal place.) Creek Enterprises Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 Sales revenue 100.0 % 100.0 % Less: Cost of goods sold 70.1 66.4 Gross profits 29.9 % 33.6 % Less: Operating expenses Selling expense % 12.2 % General and administrative expenses 6.5 Lease expense 0.3 Depreciation expense 3.6 Total operating expense 22.6 Operating profits % 11.0 % Less: Interest expense 1.0 Net profits before taxes % 10.0 % Less: Taxes (rate = 40%) 4.0 Net profits after taxes % 6.0 % Less: Preferred stock dividends 0.2 Earnings available for common stockholders % 5.8 %

(05.04 mc) a 2012 report from the u.s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items