Kellogg Company produces, markets, and distributes cereal and food products including CheezIt, Coco Pops, Rice Krispies, and
Question:
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 1000 1000 Cost of sales 587 573 Gross p...View the full answer
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