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Express the following income statement information in common-size percentages and in trend percentages using Year...

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Accounting

Express the following income statement information in common-size percentages and in trend percentages using Year 1 as the base year.

Year 2Year 1Common-Size PercentagesTrend PercentagesYear 2Year 1Year 2Year 1Sales$ 540,000$ 460,000 Cost of goods sold290,000240,000________________Gross profit$ 250,000$ 220,000

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