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A comparative income statement is given below tor Mckenzie saies, Limited, of Ioronto: The company's board of directors is surprised to see net income increased

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A comparative income statement is given below tor Mckenzie saies, Limited, of Ioronto: The company's board of directors is surprised to see net income increased by only $274,200 when sales increased by $1,759,200. Required: 1. Express each year's income statement in common-size percentages. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3 )

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