Question: HERE IS DATA FINANCIAL STATMENT: https://www.ibm.com/annualreport/2015/bin/assets/IBM-Annual-Report-2015.pdf Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO

HERE IS DATA

FINANCIAL STATMENT:

https://www.ibm.com/annualreport/2015/bin/assets/IBM-Annual-Report-2015.pdf

Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO USE NET SALES IN THE COMPUTATION, USE TOTAL REVENUES. Round all amounts to the nearest two decimal places.

38. Prepare a VERTICAL ANALYSIS or common-size income statement for 2015 for the following items only: Total Revenue, Total Cost, Gross Profit, Total Expense and Other Income, Income from Continuing Operations Before Income Taxes, Provision for Income Taxes, Income from Continuing Operatings, Loss from Discontinued Operations, and Net Income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!