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Income statements for Munoz Company for Year 3 and Year 4 follow: Required a. Perform a horizontal analysis, showing the percentage change in each income

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Income statements for Munoz Company for Year 3 and Year 4 follow: Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4 . b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year

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