Two income statements for PS Enterprises are shown below:

(a) Prepare a vertical analysis of PS Enterprises' income statements.
(b) Does the vertical analysis indicate a favorable or unfavorable trend?

Question

Two income statements for PS Enterprises are shown below:
 
 (a) Prepare a vertical analysis of PS Enterprises' income statements.
(b) Does the vertical analysis indicate a favorable or unfavorable trend?

Quizplus · Accepted Answer

The Answer of Two income statements for PS Enterprises are shown below:
 
 (a) Prepare a vertical analysis of PS Enterprises' income statements.
(b) Does the vertical analysis indicate a favorable or unfavorable trend?

Two Income Statements for PS Enterprises Are Shown Below