Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 5

Preparing common-size income statements
Consider the data presented in Exercise 15-13.
Requirements
1. Prepare a comparative common-size income statement for Mariner Designs, Inc., using the 2012 and 2011 data. Round percentages to one-tenth percent (three decimal places).
2. To an investor, how does 2012 compare with 2011 Explain your reasoning.