anon_ch posted a question
Hi there,
I need help with the following. I have attached the excel sheet which include the requirements.

1.Prepare a common-size income statement and balance sheet for McDonough Products. The first column of each statement should present McDonough Products’ common-size statement, and the second column should show the industry averages.
2.For the profitability analysis, compute McDonough Products’ (a) ratio of gross profit to net sales (b) ratio of operating income to net sales, and (c) ratio of net income to net sales. Compare these figures with the industry averages. Is McDonough Products’ profit performance better or worse than the average for the industry?
3.For the analysis of financial position, compute McDonough Products’ (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products’ financial position better or worse than the average for the industry?
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  • ACCT212_CourseProject2_Template_03062012.xlsx Download Attachment

    FINANCIAL ACCOUNTING - Eighth Edition

    Solutions Manual

    ACCT212:CourseProject2

    LearningObjectives:Preparingcommonsizestatements;analyzing
    profitability;makingcomparisonswiththeindustry...
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Hi Student,

please find...  

Download Preview:

FINANCIAL ACCOUNTING - Eighth Edition

Solutions Manual

ACCT212:CourseProject2

LearningObjectives:Preparingcommonsizestatements;analyzing
profitability;makingcomparisonswiththeindustry...


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