Revenue and expense data for Bluestem Company are as follows:
a Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
b Comment upon significant changes disclosed by the comparative income statement.
Round percentages to one decimal place.

Question

Revenue and expense data for Bluestem Company are as follows:
  a Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
b Comment upon significant changes disclosed by the comparative income statement.
Round percentages to one decimal place.

Quizplus · Accepted Answer

The Answer of Revenue and expense data for Bluestem Company are as follows:
  a Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
b Comment upon significant changes disclosed by the comparative income statement.
Round percentages to one decimal place.

Revenue and Expense Data for Bluestem Company Are as Follows