Using the financial statements in the text: a. Compute common-size financial statements. b. Compute year-to-year percentage changes

Question:

Using the financial statements in the text:

a. Compute common-size financial statements.

b. Compute year-to-year percentage changes in the various accounts.

c. What insights about the firm can you obtain from this analysis?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...