Question: Refer to the financial statement data for Hedrick Company given in Problem 16-14. Required: For both this year and last year: 1. Present the balance

Refer to the financial statement data for Hedrick Company given in Problem 16-14.
Required:
For both this year and last year:
1. Present the in common-size format.
2. Present the income statement in common-size format down through net income.
3. Comment on the results of your analysis.

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