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

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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?

 

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