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Revenue and Expense Data for Young Technologies Are as Follows

Question 34

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Revenue and expense data for Young Technologies are as follows: Revenue and expense data for Young Technologies are as follows: (a) Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent. (b) Comment on the significant changes disclosed by the comparative income statement.
(a) Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent.
(b) Comment on the significant changes disclosed by the comparative income statement.

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