Following is the income statement for Masters Corporation for the year ended December 31,2017:
Masters Corporation
Income Statement
For the Year Ended December 31, 2017 a_Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above.
b_What additional information would you need to determine whether these percentages are good or bad?

Question

Following is the income statement for Masters Corporation for the year ended December 31,2017:
 Masters Corporation
Income Statement
For the Year Ended December 31, 2017  a_Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above.
b_What additional information would you need to determine whether these percentages are good or bad?

Quizplus · Accepted Answer

The Answer of Following is the income statement for Masters Corporation for the year ended December 31,2017:
 Masters Corporation
Income Statement
For the Year Ended December 31, 2017  a_Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above.
b_What additional information would you need to determine whether these percentages are good or bad?

Following Is the Income Statement for Masters Corporation for the Year