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Consider the following income statement data for Sandhill Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income

Consider the following income statement data for Sandhill Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $97500 49500 48000 23595 $24405 2023 $86200 56400 29800 18700 $11100 The common-size percentage for selling and admin istration costs in 2024 was

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