A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Members of the company’s board of di

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answerhappygod
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A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Members of the company’s board of di

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A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
Members of the company’s board of directors are surprised to see
that net income increased by only $224,200 when sales increased by
$1,759,200.
Required:
1. Express each year's income statement in common-size
percentages. (Round your percentage
answers to 1 decimal place (i.e., 0.1234 should be entered as
12.3).)
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