l

148 Income Statenent and Statement of Stockholders' Equity CHAPTER 3 CASE S Case 3.1 Intel Case The 2013 Intel Form 10-K can be found at the following Web site: www.pearsonhig .com/fraser (a) Using the consolidated statements of operations, analyze the profitability o Intel by preparing a common-size income statement for the past three years addition, calculate sales growth and operating expense growth for each twe year period presented, as well as effective tax rates for all three years. (b) Using the consolidated statements of stockholders' equity for Intel, explain key reasons for the changes in the common stock, accumulated other comp hensive income, and retained earnings accounts. Evaluate these changes