Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All statement of financial
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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 ordinary shareholders equity for both companies.
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Related Book For
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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