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The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): Prepare a vertical analysis

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The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): Prepare a vertical analysis of the income statement for AT&T Round to one decimal place. Prepare a vertical analysis of the income statement for Verizon. Round to one decimal place. Based on the information above, which of the following statements is correct

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