Corporation's annual sales and net income data for the years 20062012 are presented next Also shown are

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Corporation's annual sales and net income data for the years 20062012 are presented next Also shown are Hooser Corporation's 2012 and 2011 comparative income statements (adapted) Keep in mind that the latest recession began in the United States in December 2007 and technically ended in the summer of 2009 This recession had a farreaching impact on most sectors of the economy, including retailers