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Prepare a vertical analysis of the 2017 income statement data for Blossom Company and Sunland Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Blossom Company Sunland Company Dollars Percent Dollars Percent $1,949,000 % $587,000 % 1,077,000 % 297,000 % 872,000 % 290,000 261,000 % 88,000 % 611,000 % 202,000 % 8,000 % 2,600 603,000 % 199,400 % 74,300 % 33,000 % $528,700 % $166,400

Prepare a vertical analysis of the 2017 income statement data for Blossom Company and Sunland Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Blossom Company Sunland Company Dollars Percent Dollars Percent $1,949,000 % $587,000 % 1,077,000 % 297,000 % 872,000 % 290,000 261,000 % 88,000 % 611,000 % 202,000 % 8,000 % 2,600 603,000 % 199,400 % 74,300 % 33,000 % $528,700 % $166,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare a vertical analysis of the 2017 income statement data for Blossom Company and Sunland Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Blossom Company Sunland Company Dollars Percent Dollars Percent $1,949,000 % $587,000 % 1,077,000 % 297,000 % 872,000 % 290,000 261,000 % 88,000 % 611,000 % 202,000 % 8,000 % 2,600 603,000 % 199,400 % 74,300 % 33,000 % $528,700 % $166,400
Transcribed Image Text:Prepare a vertical analysis of the 2017 income statement data for Blossom Company and Sunland Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Blossom Company Sunland Company Dollars Percent Dollars Percent $1,949,000 % $587,000 % 1,077,000 % 297,000 % 872,000 % 290,000 261,000 % 88,000 % 611,000 % 202,000 % 8,000 % 2,600 603,000 % 199,400 % 74,300 % 33,000 % $528,700 % $166,400
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