Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 70

Vertical Analysis
Sundahl Company's income statements for the past 2 years are as follows:

Refer to the information for Sundahl Company on the previous page.
Required:
1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. ( Note : Round percentages to the nearest tenth of a percent.)
2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. ( Note : Round percentages to the nearest tenth of a percent.)