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Use your knowledge of income statements and common-size statements, what is the operating income amount in the common-size statement based on the information below? Income
Use your knowledge of income statements and common-size statements, what is the operating income amount in the common-size statement based on the information below? Income Common-size Statement Statement $12,000,000 40% $3,000,000 10% Gross profit General and administrative expense Selling and marketing expense $2,400,000 8% Depreciation $1,800,000 6% Interest $2,100,000 7% Income taxes (25%) $675,000 2.25% 16% 8% 13% 10%
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