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Problem:

The Endicott Co. has net income of $72,700, total assets of $285,000, total equity of $196,000, and total sales of $523,200.

Required:

Question: What is the common-size percentage for the net income?

Note: Please answer in proper manner and show all computations

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91167944

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