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Lake Athletics has provided you with the Income Statements for two of its product lines for the year ended December 31 . The Controller has

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Lake Athletics has provided you with the Income Statements for two of its product lines for the year ended December 31 . The Controller has asked you to perform the vertical analysis of the product lines and compare the two products. Lake Athletics sells two distinct product lines: Apparel and Equipment. The income statement for each product line appears below

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