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Foreign Travel Services has net income of $48,400, total assets of $219,000, total equity of $154,800, and total sales of $311,700. What is the common-size percentage for the net income?
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Foreign Travel Services has net income of $48,400, total assets of $219,000, total equity
of $154,800, and total sales of $311,700. What is the common-size percentage for the net
income?
Solution:...