Question: Q2. Prepare a common-size income statement based on the following information. How do interpret the standardized net income? Sales (Revenues) COGS Depreciation $4.053 2,780 550

Q2. Prepare a common-size income statement based on the following information. How do interpret the standardized net income? Sales (Revenues) COGS Depreciation $4.053 2,780 550 723 502 221 75 146 47 99 EBIT Interest Taxable income Taxes (34%) NI Dividends Addition to retained earnings

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