The income statements of Kronau Corp for the years ended
The income statements of Kronau Corp. for the years ended March 31, 2015 through 2017 are shown below:

a. Prepare common size and trend financial statements for Kronau. (For the trend statements, use 2015 as the base year.)
b. Use the information from (a) to evaluate the performance of Kronau. Explain fully.
Your evaluation should include a comparison of Kronau’s performance from year to year.
c. How does the non-recurring expense affect your ability to evaluate Kronau’s performance and to interpret your common size and trend financialstatements?
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