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Prepare a comparative common-size income statement for Enchanted Corporation. To an investor, how does the current year compare with the prior year? Explain your reasoning.

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Prepare a comparative common-size income statement for Enchanted Corporation. To an investor, how does the current year compare with the prior year? Explain your reasoning. (Cick the icon to viaw the comparative income statement.) Start by calculabing the percentages. (Round the percentages to two decimal places, X.) Now you are ready to compare the two years. An investor would be with the current year in comparison with the prior year. Net sales and net incocne are both significanty from the proc year, Cost of goods sold and operating expenses - the two largest expenses , consumed percentages of total revenues in the current yoar, and net income represents a percentage of revenues. Overall, profits are Data table

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