Let's start with Exercise 13-19A by preparing a common-size income statement for the McMahon Music Co. Do this in Excel. Do not post your spreadsheet in the discussion, but rather, place a screenshot of it. How did you format the cells? Any suggestions on where to obtain assistance with building the spreadsheet? This is your last week for discussions and again on overall basis you have not been doing very well on the discussions as a class.....So now your last chance to redeem yourselves!
So do this common size income statement and place in a screen shot as this way each of you will need to do using excel as opposed to just copying a pre-done excel sheet and just putting in numbers...
As such you NEED TO DO THIS EXERCISE and then describe what you did and then what is the purpose of doing a common size income statement comparison between two companies. What decision does it allow us to make by putting two companies onto an equal measurement platform.