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Problem 14-1A Comparative statement data s for Farris Company and Ratzlaf Company, Farris Company 017...

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Accounting

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Problem 14-1A Comparative statement data s for Farris Company and Ratzlaf Company, Farris Company 017 two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016. Ratzlaff Company Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current labilities Long-term iablities Common stock, $10 par 500,000 500,000 120,000 120,000 Retained earnings $1,549,035 1,080,490 302,273 8,980 241,000 79,000 2,252 325,975 $312,410 83,336 $9,467 521,310 sooooo 139,728 125,812 65,325 75,815 35,348 30,281 108,500 90,000 29,620 25,000 173,460 146,595 38,096 29,998 Prepare a vertical analys s of the 2017 nome statement data for Farms Company and Ranta" Company n columnar form (aund percentages to r deonsalplace, e. 12.1% ) Farris Company Ratzlatt Company

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