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The Income Statements for Sommerset Corporation for 2019 and 2018

Question 43

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The income statements for Sommerset Corporation for 2019 and 2018 follow:
The income statements for Sommerset Corporation for 2019 and 2018 follow:     a. Prepare a common-size income statement for 2019 and 2018. Round to one decimal place. b. Comment on the most significant changes.
a. Prepare a common-size income statement for 2019 and 2018. Round to one decimal place.
b. Comment on the most significant changes.

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b. As is reflected in the above an...

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