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Prepare a common size statement for Mickey Corp and Mighty Corp                                        Mickey Corp.                 Mighty Corp Sales                               2,300,000.00                  1,860.000.00 Cost of Sales.                  1,050,000.00                  980,000.00 Gross Profit on sales.      1,250,000.00.                 880,000.00 Operating expenses        950,000.00                    400,000.00 Net Income.                    300,000.00.                    480,000.00

Prepare a common size statement for Mickey Corp and Mighty Corp                                        Mickey Corp.                 Mighty Corp Sales                               2,300,000.00                  1,860.000.00 Cost of Sales.                  1,050,000.00                  980,000.00 Gross Profit on sales.      1,250,000.00.                 880,000.00 Operating expenses        950,000.00                    400,000.00 Net Income.                    300,000.00.                    480,000.00

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.2BE: Vertical analysis Income statement information for Einsworth Corporation follows: Sales 1,200,000...
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Prepare a common size statement for Mickey Corp and Mighty Corp

                                       Mickey Corp.                 Mighty Corp
Sales                               2,300,000.00                  1,860.000.00
Cost of Sales.                  1,050,000.00                  980,000.00
Gross Profit on sales.      1,250,000.00.                 880,000.00
Operating expenses        950,000.00                    400,000.00
Net Income.                    300,000.00.                    480,000.00


a) Prepare common statement
b) Give your written analysis.

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