Question: A comparative income statement is given below for McKenzie Sales, Limited, 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, Limited, of Toronto: Members of the company's board of directors are surprised to see that net income increased by by $1,771,200. Required: 1. Express each year's income statement in common-size percentages. (Round your percentage 0.1234 should be entered as 12.3).) Members of the company's board of directors are surprised to see that net income increased by only $110,200 when sales increased by $1,771,200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentoge onswers to 1 decimol ploce (i.e., 0.1234 should be entered os 12.3).)
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