Question: put together a common-size income statement for Promontory, Inc. using the 2015 Income Statement in Exhibit 1. While you have only one income statement in

put together a common-size income statement for Promontory, Inc. using the 2015 Income Statement in Exhibit 1. While you have only one income statement in this case, vertical analysis is extremely helpful in highlighting trends (both good and bad) when you have multiple income statements to compare a company's performance over several periods as well as against a competitor's.

Exhibit 1 Promontory, Inc. 2015 Income Statement (in \$000s)

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