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Q3: Use the following income statement to perform a vertical analysis and check if selling, general, and administrative (SG&A) expenses are in line with the
Q3: Use the following income statement to perform a vertical analysis and check if selling, general, and administrative (SG\&A) expenses are in line with the industry average of 35 percent. (Click the icon to view the income statement.) Complete the vertical analysis below. (Round percentages to the nearest tenth percent, X.X%.)
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