Question: 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

A comparative income statement is given below for McKenzie Sales, Ltd.,

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 $238,500 when sales increased by $1,764,000. Express each year's income statement in common-size percentages

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