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Kellogg Company produces, markets, and distributes cereal and food products including CheezIt, Coco Pops, Rice Krispies, and Pringles. The following

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

Kellogg Company produces, markets, and distributes cereal and food products

1. Prepare common-sized income statements for Years 2 and 1. Round to one decimal place.
2. Using (1), analyze the performance of Kellogg in Year2.

Transcribed Image Text:

Year 2 Year 1 Sales Cost of sales Gross profit Operating expenses Operating income $13,198 12,397 7750) 7108) S 5,289 (3,299) S 1,990 (7,108) ...( .. 5,448 (3,472) $ 1,976

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1 Year 2 Year 1 Sales 100 0 100 0 Cost of sales 58 7 57 3 Gros…View the full answer


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Question Posted: March 11, 2014 10:12:40
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