Two income statements for Fortson Company are shown below. a. Prepare a vertical analysis of Fortson Companys

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Two income statements for Fortson Company are shown below.

Two income statements for Fortson Company are shown below.

a. Prepare a vertical analysis of Fortson Company€™s income statements.
b. Does the vertical analysis indicate a favorable or unfavorabletrend?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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