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 only $152,000 when sales by $1,752,000 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal plac 0.1234 should be entered as 12.31.) Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 de 0.1234 should be entered as 12.3).)
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