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Common-sized financial statements

I am needing help with the following questions. Please see attached data.

1) Using the common-sized income statements for May Department Stores Company, were the relationships between the revenues and other line items consistent? Identify any that were not and comment on what the lack of consistency might signify.

2) Using the common-sized balance sheets for May Department Stores Company, were the relationships between total assets and other line items consistent? Identify any that were not and comment on what the lack of consistency might signify.

3) Comment on the significant differences between May and the industry in which it operates.

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I am needing help with the following questions. Please see attached data.

1) Using the common-sized income statements for May Department Stores Company, were the relationships ...

Solution Summary

This provides the steps to prepare the common-sized financial statements.

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