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

Selected 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 $ 1,510 $ 1,610
Cost of goods sold 780925
Other expenses 460335
Net income 270350
Current assets 550590
Total assets 1,7601,850
Total liabilities 1,1901,100
Shareholders' equity 570750
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.)
(i) Vertical 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
%
%
(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 revenue
Cost of goods soldunanswered
Other expensesunanswered
Current assetsunanswered
Total assetsunanswered
Total liabilities
Shareholders' equityunanswered

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