Question: STUDY QUESTIONS AND PROBLEMS 3.1. What is the difference between a multiple-step and a single-step format of the earnings statement? Which format is the most

STUDY QUESTIONS AND PROBLEMS 3.1. What is the difference between a multiple-step and a single-step format of the earnings statement? Which format is the most useful for analysis? 3.2. How is a common-size income statement created? 3.3. What are the two causes of an increasing or decreasing sales number? 3.4. Discuss all reasons that could explain an increase or decrease in gross profit margin

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