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Use the three divisional income statements in the Pinnacle_Financials Excel file on the Web site to prepare a common-size income statement for each...

d. Use the three divisional income statements in the Pinnacle_Financials Excel file on the Web site to prepare a common-size income statement for each of the three divisions for all three years. Each division’s income statement is in a separate worksheet in the Excel file. Use the information to identify accounts for which you believe there is a concern about material misstatements. Use a format similar to the one in requirement c.

This question was asked on Jan 28, 2013.

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