Use Casey 's General Store 's 10 - K to answer the following questions https://www.sec.gov/Archives/edgar/data/726958/000119312514253245/d751155d10k.htm 1. Develop
Question:
https://www.sec.gov/Archives/edgar/data/726958/000119312514253245/d751155d10k.htm
1. Develop a common-size balance sheet for each year presented by taking every item on the balance sheet as a percentage of total assets. (as a percent with one decimal place) Have there been any significant changes to the items in the balance sheet from the previous year to the current year? Comment below
2. Develop a common-size income statement for each year presented by taking each item on the income statement as a percentage of sales revenue (100%). Are there any significant changes to items in the income statement during this time? Comment below.
3. What is the company's largest expense, and What is the company's next largest expense?
a. Cost of Goods Sold
b. Operating Expenses
c. Depreciation Expense
d. Interest Expense
4. Are there any discontinued operations on the income statement?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill