The income statements for Bullseye Corporation for fiscal years 2015, 2014, and 2013 (years ending January 30, 2016, January 31, 2015, and February 1, 2014, respectively) follow:
A. Prepare a common-size income statement for 2015 and 2014.
B. Comment on the most significant changes.

Question

The income statements for Bullseye Corporation for fiscal years 2015, 2014, and 2013 (years ending January 30, 2016, January 31, 2015, and February 1, 2014, respectively) follow:
  A. Prepare a common-size income statement for 2015 and 2014.
B. Comment on the most significant changes.

Quizplus · Accepted Answer

The Answer of The income statements for Bullseye Corporation for fiscal years 2015, 2014, and 2013 (years ending January 30, 2016, January 31, 2015, and February 1, 2014, respectively) follow:
  A. Prepare a common-size income statement for 2015 and 2014.
B. Comment on the most significant changes.

The Income Statements for Bullseye Corporation for Fiscal Years 2015