Vertical analysis of income statement
The following income statement data (in millions) for Dell Inc. and Hewlett-Packard Company (HP) were taken from their recent annual reports:
a. Prepare a vertical analysis of the income statement for Dell. Round to one decimal place.
b. Prepare a vertical analysis of the income statement for HP. Round to one decimal place.
c. Based on (a) and (b), how does Dell compare to HP?
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