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Prepare a common-size income statement for year 1 by


Question: Cuneo Company's income statements for the last three years are as follows:

578_Cuneo.png

Vertical Analysis Refer to the information for Cuneo Company on the previous page.

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.

3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue.

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Accounting Basics: Prepare a common-size income statement for year 1 by
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