Numbers below are reported in: Mills Component Percentage Numbers below are reported in: Millions Component income State

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Numbers Below Are Reported In Mills Component Percentage Numbers Below Are Reported In Millions Component Income State 1 (192.49 KiB) Viewed 20 times

Numbers below are reported in: Mills Component Percentage Numbers below are reported in: Millions Component income Statement Current Year (Y2) Percentage Balance Sheet Current Year (Y2) Component Percentage Prior Year (71) Prior (Base Cash Revenue Item) 100% Inventory Cost of Good, Sold Total Current Assets Gross Profit Property Plant and Bouinment Net Income Before Income Taxes (Base Total Assets Item) 100% 100% Net Income Total Current Liabilities Total Long-term Liabilities Question: On the vertical analysis of the Income Statement in Year 1, which component percentage in relation to Revenue? Did your answer two factors that may have caused the shift in the component peree Answer: Total Liabilities 100% 100% Total Shareholders Equity Total Liabilities and Shareholders Equity (Base Item 100% 100% Question: On the vertical analysis of the Balance Sheet in Year I, which item has the greatest component percentage in relation to Total Assets? Tutal Liabilities? Total Liabilities and Shareholders Equity? Did your answers change for Year 2? If so, name two factors that may have caused the shift in component percentages. Answer: