Question: elected financial information ( in 0 0 0 s ) from the financial statements of Moosomin Ltd . for Years 6 and 7 is as

elected financial information (in 000s) from the financial statements of Moosomin Ltd. for Years 6 and 7 is as follows:
Year 6 Year 7
Sales revenue $ 1,250 $ 1,350
Cost of goods sold 715795
Other expenses 330270
Net income 205285
Current assets 420460
Total assets 1,5001,590
Total liabilities 1,060970
Shareholders' equity 440620
Required:
(a) Convert Moosomins financial statements for both Year 6 and Year 7 into common-sized financial statements using (Input all amounts as positive values. Round the final answers to the nearest whole percent. Omit % sign in your response.)ii) Horizontal analysis
Financial Statements
Year 6 Year 7
Sales revenue
%
%
Cost of goods sold
%
%
Other expenses
%
%
Net income
%
%
Current assets
%
%
Total assets
%
%
Total liabilities
%
%
Shareholders' equity
%
%
(b) Identify three financial statement items (other than net income) that seem to be the most peculiar relative to expectations. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
check all that apply
Sales revenueunanswered
Cost of goods soldunanswered
Other expensesunanswered
Current assetsunanswered
Total assetsunanswered
Total liabilitiesunanswered
Shareholders' equity

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