Excellent Company Sells Accounting Textbooks

question 10

Essay

Excellent Company sells accounting textbooks. The following information summarizes Excellent's operating activities for 2012:
Required: Prepare an income statement for the year ended December 31, 2012. Please use the format provided below, and include a vertical analysis showing percentages rounded to the nearest tenth of a percent.

---

Definitions:

Polarizable

Refers to the ability of a molecule or atom to undergo distortion of its electron cloud in response to an external electric field, affecting its physical and chemical properties.

Electronegativity

A chemical property that describes the ability of an atom to attract electrons towards itself in a chemical bond.

Starting Materials

The substances used at the beginning of a synthesis or a chemical reaction.

Reactivity

The inclination of a substance to participate in a chemical reaction, alone or in combination with other substances.