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Business, 21.06.2020 00:57 Busm6073

E17-16 Preparing common-size income statements Data for Mulberry Designs, Inc. follow: Refer to the data presented for Mulberry Designs, Inc. Requirements 1. Prepare a comparative common-size income statement for Mulberry Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent (three decimal places). 2. To an investor, how does 2018 compare with 2017? Explain your reasoning.

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