A common-size income statement for Liberty would report (amounts rounded) a. Net income of (16 %) b.
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A common-size income statement for Liberty would report (amounts rounded)
a. Net income of \(16 \%\)
b. Cost of sales at \(36 \%\)
c. Sales of \(100 \%\)
d. All the above
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The correct answer is d All the above Explanation A commonsize income statement is a finan...View the full answer
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