Write a one-paragraph analysis of Elf Corporation’s profit performance for the period. Create a common-sized income statement for the three years.
Analyzing an Income Statement
Income statements are presented in the table below for the Elf Corporation for the years ending December 31, 2010, 2009, and 2008. Write a one-paragraph analysis of Elf Corporation’s profit performance for the period. Create a common-sized income statement for the three years.
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Regards,
Cathy, CS.
