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Assume that the operating trends between 2013 and 2014

The following information was drawn from the records of Moore Sales Company:

2131_264-B-A-M-B (1280).png

Required:

a. Prepare a multi step income statement for each year.
b. Prepare a common size income statement for each year.
c. Assume that the operating trends between 2013 and 2014 continue through 2015. Write a brief memo indicating whether you expect net income to increase or decrease in 2015.

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Accounting Basics: Assume that the operating trends between 2013 and 2014

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Accounting Basics: Assume that the operating trends between 2013 and 2014

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