(Answered) Question sundahl companys income statements for the past

Accounting

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

2381_Sundahl Company.png

Vertical Analysis Refer to the information for Sundahl Company above. Required:

1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue.

2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue.

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