Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data

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Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2014, and December 31, 2013.


Comparative statement data for Lionel Company and Barrymore


Instructions
(a) Prepare a vertical analysis of the 2014 income statement data for Lionel Company and Barrymore Company in columnar form.
(b) Comment on the relative profitability of the companies by computing the return on assets and the return on common stockholders' equity ratios for bothcompanies.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

6th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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