Question

Comparative income statements of Spyres Manufacturing Company for Years 9 and 8 are reproduced below:


Required:
a. Prepare common-size statements showing the percent of each item to net sales for both Year 8 and Year 9. Include a column reporting the percentage increase or decrease for Year 9 relative to Year 8 (round numbers to the tenth of 1%).
b. Interpret the trend shown in your percentage calculations of a. What areas identified from this analysis should be a matter of managerialconcern?


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  • CreatedJanuary 22, 2015
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