Question: A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Members of the compary's board of directors are surpnsed to see that

A comparative income statement is given below for McKenzie Sales, Limited,

A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Members of the compary's board of directors are surpnsed to see that net income increased by only $135,400 when sales increased by $1.766.400 Required: 1. Express each year's income statement in common-size percentages (Round your percentage answers to 1 decimal place fi.e., 0.1234 should be entered as 12.3).)

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