Exercise $11-12$A $($Algo$)$ Using fixed cost as a competitive business strategy LO $11-2$

The following income statements illustrate different cost structures for two competing companies:

Required

a$.$ Reconstruct Thornton's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Stuart by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer.

b$.$ Reconstruct Stuart's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Thornton by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer.

Complete this question by entering your answers in the tabs below.

Reconstruct Thornton's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Stuart by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer. Exercise $11-12$A $($Algo$)$ Using fixed cost as a competitive business strategy LO $11-2$

The following income statements illustrate different cost structures for two competing companies:

Required

a$.$ Reconstruct Thornton's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Stuart by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer.

b$.$ Reconstruct Stuart's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Thornton by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer.

Complete this question by entering your answers in the tabs below.

Reconstruct Stuart's income statement, assuming that it serves $166$ customers when it lures $83$ customers away from Thornton by lowering the sales price to $\backslash (\backslash$$ $140\backslash )$ per customer.