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/$17-5 Preparing common-size income statement Data for Connor, Inc. and Alto Corp. follow: Learning Objective 3 Connor Alto Net Sales Revenue Cost of Goods Sold
/$17-5 Preparing common-size income statement Data for Connor, Inc. and Alto Corp. follow: Learning Objective 3 Connor Alto Net Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 13,000 $ 22,000 7,917 15,730 4,342 5,170 741 1,100 Requirements 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales revenue
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