Question

The following information was drawn from the records of Harper Sales Company:


Required
a. Prepare a multistep income statement for each year.
b. Prepare a common size income statement for each year.
c. At a recent meeting of the stockholders, Harper’s president stated 2015 would be a very good year with net income rising significantly. Write a brief memo explaining whether you agree or disagree with the president. Assume that the operating trends between 2013 and 2014 continue through2015.


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  • CreatedOctober 26, 2013
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