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Exerclse 14-1(Algo) Common-SIze Income Statement [LO14-1] A comparative income statement is given below for...

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Accounting

Exerclse 14-1(Algo) Common-SIze Income Statement [LO14-1]
A comparative income statement is given below for McKenzle Sales, Limited, of Toronto:
Members of the company's board of directors are surprised to see that net Income Increased by only $215,100 when sales increased
by $1,761,600.
Required:
Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (1.e.,
0.1234 should be entered as 12.3).)
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