Description
see attached file and solve it in word file please....
it is an accounting class!
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Explanation & Answer
Attached.
Surname
1
Student name
MB-2.6
Part 1: Common Size Income Statement
Common Size Income Statement of Kellogg Company
Item
Year 1
Year 2
Sales
100 %
100 %
Cost of goods sold
58.7 %
65.3 %
Gross Profit
41.3%
34.7 %
Selling and administrative
22.1 %
27.7 %
19.2 %
07.0%
expenses
Operating Income
Part 2
The performance of Kellogg Company decreased in ...