Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: a. Prepare

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Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage. 

b. Comment on the significant changes disclosed by the comparative income statement.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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