Question: A comparative income statement is given below for McKenzle Sales, Limited, of Toronto: The company's board of directors is surprised to see net income Increased

A comparative income statement is given below for McKenzle Sales, Limited, of Toronto:
The company's board of directors is surprised to see net income Increased by only \$199,700 when sales increased by \$1,759,200. Required:
1. Express each year's income statement in common-size percentages.
Note: Round your percentage answers to 1 decimal place (Le.,0.1234 should be entered as 123).
A comparative income statement is given below for

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