Horizontal Analysis for Kelloggs Refer to the financial statement information of Kelloggs reprinted at the back of
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1. Prepare a work sheet with the following headings:
2. Complete the work sheet using each of the account titles on Kelloggs 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 companys operations improved over the three-yearperiod?
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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