Question

Refer to the data presented for McCormick Designs, Inc. in Exercise E15-15.
Exercise E15-15
Requirements
1. Prepare a comparative common-size income statement for McCormick Designs, Inc. using the 2016 and 2015 data. Round percentages to one-tenth percent (three decimal places).
2. To an investor, how does 2016 compare with 2015? Explain your reasoning.


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  • CreatedJune 15, 2015
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