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1 Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporation's income statement components between

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Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) Percentage Change Sales Cost of goods sold Grossmagi Operating expenses Income before Income taxes Net income oss FRANKLIN CORPORATION Income Statements Year 3 Year 2 $1.299,000 5 1,002.000 798 885 501.200 500.115 400 800 304,500 198,000 195 515 202.800 81 500 52.200 $ 134.115 150.800 S

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