The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): AT&T Verizon Revenues.. $132,447 $127,079 Cost of services (expense).. 60,611 49,931 Selling and marketing expense . Depreciation and other expenses Operating income 39,697 41,016 20,393 16,533 $ 11,746 $ 19,599 a. Prepare a vertical analysis of the income statement for AT&T. Round to one decimal place. b. Prepare a vertical analysis of the income statement for Verizon. Round to one decimal place. Based on Requirements (a) and (b), how does AT&T compare to Verizon? c.
The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): AT&T Verizon Revenues.. $132,447 $127,079 Cost of services (expense).. 60,611 49,931 Selling and marketing expense . Depreciation and other expenses Operating income 39,697 41,016 20,393 16,533 $ 11,746 $ 19,599 a. Prepare a vertical analysis of the income statement for AT&T. Round to one decimal place. b. Prepare a vertical analysis of the income statement for Verizon. Round to one decimal place. Based on Requirements (a) and (b), how does AT&T compare to Verizon? c.
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 30E
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