Question: Purpose To help familiarize you with the financial reporting of

Purpose: To help familiarize you with the financial reporting of a real company to further your understanding of the chapter material you are learning.
This case uses both the income statement (statement of operations) and the balance sheet of Bombardier Inc. in MyAccountingLab.
Requirements
1. What income statement format does Bombardier Inc. use? How can you tell?
2. Calculate the gross profit ratio for Bombardier Inc. for 2011 and 2010.
Has the gross profit rate improved or deteriorated?
3. Does Bombardier Inc. report a classified balance sheet? How can you tell? Why do you think Bombardier reports the balance sheet in this manner?

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  • CreatedJuly 08, 2015
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