(Solution) - Refer to the information in Exercise 13 23 Required 1 Calculate the change -(2025 Original AI-Free Solution)

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Refer to the information in Exercise 13-23.

Required
1. Calculate the change in operating income of Snyder Corporation in 2015 and 2016.
2. Calculate the growth, price-recovery, and productivity components of changes in operating income between 2015 and 2016.
3. Comment on your answer in requirement 2. What do these components indicate?