Kellogg Company (K) produces, markets, and distributes cereal and food products including Cheez-It, Coco Pops, Rice Krispies,

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Kellogg Company (K) produces, markets, and distributes cereal and food products including Cheez-It, Coco Pops, Rice Krispies, and Pringles. The following partial income statements (in millions) were adapted from recent financial statements.


1. Prepare common-sized income statements for Years 1 and 2. Round to one decimal place.

2. Using your answer to (1), analyze the performance of Kellogg in Year 2.

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