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please answer attached document. Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December
please answer attached document.
Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2014, and December 31, 2013. Lionel Company 2014 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense 2013 Barrymore Company 2014 $1,546,775 $339,171 1,004,251 237,300 275,312 76,909 7,690 2,420 61,888 2013 7,350 Current assets 407,039 $387,977 85,244 $ 82,532 Plant assets (net) 595,066 573,788 143,253 127,487 Current liabilities 65,538 74,298 18,737 14,961 Longterm liabilities 101,736 84,182 17,018 10,959 Common stock, $5 par 579,000 579,000 140,000 140,000 Retained earnings 255,831 224,285 52,742 44,099 Don't show me this message again for the assignment (a) Prepare a vertical analysis of the 2014 income statement data for Lionel Com columnar form. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement For the Year Ended December 31, 2014 Lionel Company Dollars $ $Step by Step Solution
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