Question: A common-size income statement for Liberty would report (amounts rounded) a. Net income of (16 %) b. Cost of sales at (36 %) c. Sales

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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