(Solution) - Refer to Camellia Company s income statements for the last three -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Refer to Camellia Company?s income statements for the last three years as shown in Exercise 16-26.

Required:
1. Prepare a common-size income statement for year 1 by expressing each line item as a percentage of sales revenue.
2. Prepare a common-size income statement for year 2 by expressing each line item as a percentage of sales revenue.
3. Prepare a common-size income statement for year 3 by expressing each line item as a percentage of sales revenue.