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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 37
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.)
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.)
Explanation
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Verified
Vertical analysis:
By vertical analysis...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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