All the info is provided in the link provided on the bottom of this desciption. Use...

All the info is provided in the link provided on the bottom of this desciption. Use the Consolidated Statement of Income on page 85 of the link below is the 10k report for eTrade Financial Corporation.

https://www.sec.gov/Archives/edgar/data/1015780/000101578017000030/etfc-20161231x10k.htm#sC725D2ED94A85BF0912C52C3FE195E9B

Questiona: Create a spreadsheet in a common size income statement format for the most recent year and the year before. Create a % of sales for each item next to the amounts that are given on the 10k income statement. Show on your spreadsheet the accounting equation for the two years. Please tell me how you calculate the % of sales.

Solutions

Expert Solution

For calculating the % of sales in common size, sales is divided by sales and is always 100%, all the other revenues and expenses are calculated as the % of sales.

jeff jeffy answered 1 year ago

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