a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round percentage amounts to nearest whole percent. Total expenses Young Technologies Inc. Comparative Income Statement For the Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent % % % % % % % % % $ $ $ % % The vertical analysis indicates that the cost of goods sold as a percent of sales administrative expense as a percentage of sales percent of sales % % % % % b. Comment on the significant changes disclosed by the comparative income statement. and income tax expense between the two years. Selling and Overall net income as a

a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round percentage amounts to nearest whole percent. Total expenses Young Technologies Inc. Comparative Income Statement For the Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent % % % % % % % % % $ $ $ % % The vertical analysis indicates that the cost of goods sold as a percent of sales administrative expense as a percentage of sales percent of sales % % % % % b. Comment on the significant changes disclosed by the comparative income statement. and income tax expense between the two years. Selling and Overall net income as a

Name: 1 a. Prepare an income statement in comparative form, stating each ite
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Description: 1 a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Roundpercentage amounts to nearest whole percent.Total expensesYoung Technologies Inc.Comparative Income StatementFor the Y

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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Do the calculations in excel, attach excel screenshots and explain the steps and formulas used for solving the problem. Following are the particulars available
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