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At the end of Year 5 the following information is available for Billings and Phoenix...

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Accounting

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At the end of Year 5 the following information is available for Billings and Phoenix companies: Required: a. Prepare common size income statements for each company. b. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Prepare common size income statements for each company. Note: Round your percentage answers to 1 decimal place

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