Revenue and expense data for Young Technologies are as follows: a) Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent.
b) Comment on the significant changes disclosed by the comparative income statement.

Question

Revenue and expense data for Young Technologies are as follows:  a) Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent.
b) Comment on the significant changes disclosed by the comparative income statement.

Quizplus · Accepted Answer

The Answer of Revenue and expense data for Young Technologies are as follows:  a) Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent.
b) Comment on the significant changes disclosed by the comparative income statement.

Revenue and Expense Data for Young Technologies Are as Follows