Following Is the Income Statement for Masters Corporation for the Year

question 80

Essay

Following is the income statement for Masters Corporation for the year ended December 31,2017:
Masters Corporation
Income Statement
For the Year Ended December 31, 2017 a_Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above.
b_What additional information would you need to determine whether these percentages are good or bad?

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Definitions:

Mortgage Lien

A legal claim or right a lender has on a property as collateral for a debt owed by the property owner, which allows the lender to foreclose if the loan is not repaid.

Doctrine

A belief, principle, or body of principles taught or advocated, as by a religious, philosophical, or political group.

Escrow

A legal arrangement in which a third party temporarily holds money, property, or documents until certain conditions are fulfilled.

Real Estate

Property consisting of land or buildings, and the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and mineral deposits.