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Comparative Statements for Kool Corporation Are Shown Below

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Comparative statements for Kool Corporation are shown below:
Comparative statements for Kool Corporation are shown below:    Calculate trend percentages for all income statement amounts shown and comment on the results.Use 2012 as the base year. Calculate trend percentages for all income statement amounts shown and comment on the results.Use 2012 as the base year.

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Definitions:

Percent Change

A mathematical calculation used to quantify the difference between two values as a percentage of the original value.

Analysis Period Amount

A specific value representing financial or operational data for a defined time frame used for analysis.

Common-size Statements

Financial statements that present line items as a percentage of a base figure, such as total assets or net sales, enabling easy ratio analysis.

Financial Statement Item

Any line item or element found on a financial statement, such as an income statement or balance sheet, representing the financial performance or position of a business.

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