Question: =+P319 Common-size statement analysis A common-size income statement for Santa Enterprises 2017 operations follows. Using the firms 2017 income statement, develop the 2017 common-size income

=+P3–19 Common-size statement analysis A common-size income statement for Santa Enterprises’ 2017 operations follows. Using the firm’s 2017 income statement, develop the 2017 common-size income statement and compare it with the 2016 statement. Which areas require further analysis investigation?

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