Prepare common-size income statement (Learning Objective 3) Prepare a comparative common-size income statement for Enchanted Designs using

Question:

Prepare common-size income statement (Learning Objective 3)

Prepare a comparative common-size income statement for Enchanted Designs using the 2007 and 2006 data of Exercise 13-13 and rounding percentages to one-tenth percent (three decimal places). To an investor, how does 2007 compare with 2006? Explain your reasoning.

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