Question

Eikner, Inc. operates two small clothing stores in southeastern Idaho. Following are this company’s income statements for the years ended December 31, 2007 through 2009, and year-end balance sheets for 2007 through 2009.
Required:
(a) Prepare common-sized income statements for Eikner, Inc. for 2007 through 2009.
(b) What major structural changes occurred over this three-year period in Eikner’s income statement data? Are these changes apparently favorable or unfavorable? Explain.


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  • CreatedMarch 27, 2015
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