Question: Use Sheet 4 to prepare/simplify the Income statement. Prepare percentage change analysis using the same base year as in previous step. Percentage change analysis should

Use Sheet 4 to prepare/simplify the Income statement. Prepare percentage change analysis using the same base year as in previous step. Percentage change analysis should include percentage of various items on sales. Example percentage of cogs out of sales, %age of gross profit, EBIT, net income out of sales etc. Insert comments in a text box about - why certain percentages have increased/decreased over time. MARKS 10

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