Upton, inc. income statement for years ended december 31, 2019 and 2018 2019. 2018 sales $ 900 $ 800 less cost of goods sold 470. 440 gross profit $ 430 $ 360 operating expenses: wage expense $ 95 $ 90 rent expense 35 30 misc expense 20 15 depreciation expense 25 20 total operating expense $ 175 $ 155 operating income $ 255 $ 205 less other expenses: interest expense 15 10 income before tax $ 240 $ 195 less income tax expense 110 85 net income $ 130 $ 110 if a common size income statement were prepared, what percentage would be attributable to the 2018 wage expense of upton, inc.?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.