
MBA 2-6 Common-sized income statements Kellogg Company (K) produces. markets, and distributes cereal and food products including Cheez-lt, Coco Pops. Rice Krispies. and Pringles. The following partial income statements (in millions) were adapted from recent financial statements.
Prepare common-sized income statements for Years 1 and 2. Round to one decimal place.
Using your answer to (1), analyze the performance of Kellogg in Year 2.

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