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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 20
Vertical analysis of income statement
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
A. Perpare an income statement in comparative form, stating each item for both year as a percent of sales. (Round to the nearest whole percentage.)
B. Comment on the significant changes disclosed by the comparative income statement.
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
A. Perpare an income statement in comparative form, stating each item for both year as a percent of sales. (Round to the nearest whole percentage.)
B. Comment on the significant changes disclosed by the comparative income statement.
Explanation
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Vertical Analysis of income statement
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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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