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Please help me with the last part. Problem 14-1A Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet
Please help me with the last part.
Problem 14-1A Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016. Farris Company Ratzlaff Company Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $1,555,000 1,060,000 302,600 $339,100 241,200 78,900 2,000 6,000 8,200 54,400 323,000 $311,200 82,000 $78,300 521,400 501,200 138,300 125,100 66,000 75,600 36,200 31,000 108,200 90,200 29,000 24,600 122,000 33,100 25,800 122,000 496,000 174,200 150,600 496,000 Your answer is partially correct. Try again Prepare a vertical analysis of the 2017 income statement data for Farris Company and Ratzlaff Company in columnar form. (Round percentages to 1 decimal place, eg, 12.1%.)Step by Step Solution
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