Question: Required 1 Required 2 Present the income statement in common-size format down through net income. (Round your answers to 1 decimal place. Due to
Required 1 Required 2 Present the income statement in common-size format down through net income. (Round your answers to 1 decimal place. Due to rounding, figures may not fully reconcile down a column.) Lydex Company Common-Size Income Statements Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income This Year Last Year % % % < Required 1 % Required 2 >
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