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Sundahl Company's income statements for the past 2 years are as follows: 1. Prepare a common-size income statement for Year 1 by expressing each line
Sundahl Company's income statements for the past 2 years are as follows: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Reter to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.) Required: 1. Prepare a common-size income statement for Year 1 by expressing each Ine item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each Ine item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.) Due to rounding, percentages may not total 100%
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