Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 68

Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown below by converting the dollar amounts into percentages.or each year, sales will appear as 100 percent and other items will be expressed as a percentage of sales.Income taxes are not involved as the business is not incorporated.) Comment on whether the changes from 2014 to 2015 are favorable or unfavorable.