Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 54

Vertical analysis of income statement
The following income statement data (in millions) for Dell Inc. and Hewlett-Packard Company (HP) were taken from their recent annual reports:

a. Prepare a vertical analysis of the income statement for Dell. Round to one decimal place.
b. Prepare a vertical analysis of the income statement for HP. Round to one decimal place.
c. Based on (a) and (b), how does Dell compare to HP