Question: Question 2: Common-Size Statements. Common-Size Statements Here is the most recent income statement for Philippe. Prepare a common-size income statement based on this information. How

Question 2: Common-Size Statements. Common-Size Statements Here is the most recent

Question 2: Common-Size Statements. Common-Size Statements Here is the most recent income statement for Philippe. Prepare a common-size income statement based on this information. How do you interpret the standardized net income? What percentage of sales goes to cost of goods sold

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