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Fanning Company reported the following operating results for two consecutive years: Required Compute each income...

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Accounting

Fanning Company reported the following operating results for two consecutive years:
Required
Compute each income statement component for each of the two years as a percent of sales.
Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e.,0.234 sho 23.4).
\table[[FANNING COMPANY],[Vertical Analysis of Income Statements],[,Year 4,\table[[Percentage of],[Sales]],Year 3,\table[[Percentage of],[Sales]]],[Sales,$,999,000,,%,$,1,080,000,+2,%
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