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