Question

The following information was drawn from the records of Moore Sales Company:
Required
a. Prepare a multistep income statement for each year.
b. Prepare a common size income statement for each year.
c. Assume that the operating trends between 2016 and 2017 continue through 2018. Write a brief memo indicating whether you expect net income to increase or decrease in 2018.


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  • CreatedApril 20, 2015
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