Question: Horizontal Analysis for Kelloggs Refer to the financial statement information of Kelloggs reprinted at the back of the book. Required 1. Prepare a work sheet

Horizontal Analysis for Kellogg€™s Refer to the financial statement information of Kellogg€™s reprinted at the back of the book.

Required
1. Prepare a work sheet with the following headings:

2. Complete the work sheet using each of the account titles on Kellogg€™s income statement. Round all percentages to the nearest one-tenth of a percent.
3. What observations can you make from this horizontal analysis? What is your overall analysis of operations? Have the company€™s operations improved over the three-yearperiod?

Increase (Decrease) from 2007 to 2008 2006 to 2007 Income Statement Accounts Dollars Percent Dollars Percent

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