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Revenue and expense data for Bluestem Company are as follows:
a Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
b Comment upon significant changes disclosed by the comparative income statement.
Round percentages to one decimal place.
RAM
Random Access Memory (RAM) is a type of computer memory used to store working data and machine code currently in use. It allows data items to be read or written in almost the same amount of time irrespective of the physical location of data inside the memory.
Binary Form
The form in which data and instructions can be read by the CPU—only 0s and 1s.
CPU
The Central Processing Unit (CPU), often simply referred to as the processor, is the brain of the computer where most calculations take place, rephrased as executing and interpreting instructions from the computer's hardware and software.
Cache Memory
A type of fast-access memory that stores frequently used data and instructions for quicker retrieval by the central processing unit.
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