Using the following information from an annual report, prepare a horizontal analysis of the consolidated statements of earnings. (Round percentage answers to one decimal place.)
Definitions:
Fundamental Analysis
A method of evaluating a security in an attempt to measure its intrinsic value, by examining related economic, financial, and other qualitative and quantitative factors.
Dividends
Payments made by a corporation to its shareholder members, often deriving from the company's profits.
Determinants of Value
Factors that influence the worth or price of something, including demand, utility, scarcity, and transferability.
Defensive Industries
Industries with below-average sensitivity to the state of the economy.
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