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McNally Industries Has a Condensed Income Statement as Shown

Question 58

Multiple Choice

McNally Industries has a condensed income statement as shown. McNally Industries has a condensed income statement as shown. Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place. A) $32,500, 19.6% B) ($32,500) , (19.6%) C) $32,500, 16.4% D) ($32,500) , (16.4%) Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place.


A) $32,500, 19.6%
B) ($32,500) , (19.6%)
C) $32,500, 16.4%
D) ($32,500) , (16.4%)

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