Question: (Learning Objective 3: Preparing a common-size income statement) Compare the year 20X6 common-size income statement you performed earlier in E12-21B. How does this compare to

(Learning Objective 3: Preparing a common-size income statement) Compare the year 20X6 common-size income statement you performed earlier in E12-21B. How does this compare to Vodafone’s vertical analysis in Exhibit 12-4? You may need to combine a few line items to make the common-size statements comparable.

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