Refer to the financial statement information of Kellogg's reprinted at the back of the book. Required 1.
Question:
Required
1. Prepare a work sheet with the following headings:
Increase (Decrease) from
2009 to 2010 2008 to 2009
Income Statement Accounts Dollars Percent Dollars Percent
2. Complete the work sheet using each of the account titles on Kellogg's income statement. Round all percentages to the nearest one-tenth of a percent.
3. What observations can you make from this horizontal analysis? What is your overall analysis of operations? Have the company's operations improved over the three-year period?
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1 and 2 In millions of dollars Increase Decrease from 2009 to 2010 2008 to 2009 Income Sta...View the full answer
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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