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A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: The company's board of directors is surprised to see net income increased
A comparative income statement is given below for McKenzie Sales, Limited, of Toronto:
The company's board of directors is surprised to see net income increased by only
$ when sales increased by $
Required:
Express each year's income statement in commonsize percentages.
Note: Round your percentage answers to decimal place.
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