Use Exhibit 13-4, the Ohio Society of Certified Public Accountants’ financial report.
Required
a. Prepare a vertical common-size analysis for the consolidated statement of financial position. For April 30, 2009, use total assets as the base and stop with total expenses. Comment on significant items in total assets, liabilities, and net assets.
b. Prepare a vertical common-size analysis for the consolidated statement of activities. Work up the vertical common-size analysis for unrestricted and total. Use total expenses as the base. Comment on significant items.