Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HERE IS DATA FINANCIAL STATMENT: https://www.ibm.com/annualreport/2015/bin/assets/IBM-Annual-Report-2015.pdf Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO

HERE IS DATA

FINANCIAL STATMENT:

https://www.ibm.com/annualreport/2015/bin/assets/IBM-Annual-Report-2015.pdf

Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO USE NET SALES IN THE COMPUTATION, USE TOTAL REVENUES. Round all amounts to the nearest two decimal places.

38. Prepare a VERTICAL ANALYSIS or common-size income statement for 2015 for the following items only: Total Revenue, Total Cost, Gross Profit, Total Expense and Other Income, Income from Continuing Operations Before Income Taxes, Provision for Income Taxes, Income from Continuing Operatings, Loss from Discontinued Operations, and Net Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions