Chapter 17, Problem P17.35BPGB

To determine

Concept Introduction

Vertical Analysis: Vertical Analysis is a method of financial statement analysis in which each line item of a financial statement is shown as a percentage of a base amount within the statement.

Requirement 1

To Prepare:

A vertical analysis for Russell for both its income statement and balance sheet.

To determine

Requirement 2

To Compare:

The Company’s profit performance and financial position with the average for the industry.