Scherer Company provided the following income statements for its first 3 years of operation:
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Question & Answer: Scherer Company provided the following income statements for its first 3 years of operation:…..
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|Years of Operation|
|1||Year 1||Year 2||Year 3|
|3||Less: Cost of goods sold||291,000.00||323,000.00||354,000.00|
|Prepare common-size income statements by using net sales as the base.|