Question: EXERCISE 16-1 Common-Size Income Statement LO16-1 A comparative income statemitent is given below for McKenzie Sales, Ltd. of Toronto: Members of the compary's board of

EXERCISE 16-1 Common-Size Income Statement LO16-1 A comparative income statemitent is given below for McKenzie Sales, Ltd. of Toronto: Members of the compary's board of directoss ars angised se zas this ast income increased by only $35,000 when sales increased by $2,000,000 Required: 1. Express each year's income statenteat in couimoa aite yerctiteses. Carry computations to one decimal place. 2. Conamear briefly on the changes betweee the rwo jens

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