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Prepare a comparative common-size income statement for Mariner Designs

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E15-16 Preparing common-size income statements [10–15 min]
Consider the data presented in Exercise 15-13.

Requirements

1. Prepare a comparative common-size income statement for Mariner Designs, Inc.,
using the 2012 and 2011 data. Round percentages to one-tenth percent (three
decimal places).

2. To an investor, how does 2012 compare with 2011? Explain your reasoning

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