Horizontal Analysis for Kellogg’s Refer to the financial statement information of Kellogg’s…

Horizontal Analysis for Kellogg’s

Refer to the financial statement information of Kellogg’s reprinted at the back of the book.

Required

1. Prepare a work sheet with the following headings:

2. Complete the work sheet using each of the account titles on Kellogg’s income statement.

Round all percentages to the nearest one-tenth of a percent.

3. What observations can you make from this horizontal analysis? What is your overall analysis

of operations? Have the company’s operations improved over the three-year period?