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Question 1 Comparative income statements of Nike and Reebok are reported below: Operating expenses You are required to: a. Prepare common size income statement for

image text in transcribed Question 1 Comparative income statements of Nike and Reebok are reported below: Operating expenses You are required to: a. Prepare common size income statement for Nike and Reebok using "Net sales" (not "Total revenues"). b. Compares the statement between Nike and Reebok, your answer should at least reveal two (2) things. c. In this example, which measure - "Net sales" or "Total revenues" - is the better measure to use to standardize the income statement? Justify your

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