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Prepare a common-size income statement for year 2 by


Question: Sundahl Company's income statements for the past two years are as follows:

1125_Sundahl Company.png

Horizontal Analysis Refer to the information for Sundahl Company above.

Required: Prepare a common-size income statement for Year 2 by expressing each line item for Year 2 as a percentage of that same line item from Year 1.

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Accounting Basics: Prepare a common-size income statement for year 2 by
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