Question: 12-32a Love Bug Used Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto

12-32a

Love Bug Used Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto sales industry. The Proprietor has givenyou the company's income statement and balance sheet as welll as the industry average data for retailers of used autos.

LOVE BUG USED AUTO SALES

Income Statement Compared with Industry Average

Year Ended December 31, 2009

12-32aLove Bug Used Auto Sales asked for your help in comparing the

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