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