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(a) Use the following income statement for years 2020 and 2021 to prepare a common-size income statement for XYZCo. (b) Analyze XYZ's profitability. Less: Taxes

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(a) Use the following income statement for years 2020 and 2021 to prepare a common-size income statement for XYZCo. (b) Analyze XYZ's profitability. Less: Taxes 94 64 Net profit after taxes 231 148 Less: Preferred stock dividends 10 10 Earnings available for common stockholders $221 $138

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