trend analysis and common size analysis the following condensed income statement and 1571853

Trend Analysis and Common-Size Analysis . The following condensed income statement and balance sheet are forNordstrom, Inc., a large retailer of apparel. (Note thatNordstrom’s 2010 fiscal year ends on January 29, 2011. This is called the 2010 fiscal year because only one month is in 2011, the other 11 months of the fiscal year are in 2010, and the company has chosen to refer to this as the 2010 fiscal year. This same concept applies to fiscal year 2009.)

Required:

a. Prepare a trend analysis of the income statements from 2009 to 2010 . Use the format shown in as a guide. (Round computations to one decimal place .)

 b. Prepare a trend analysis of the balance sheets from 2009 to 2010. Use the format shown in as a guide. (Round computations to one decimal place.)

c. Identify all items that changed by more than 20 percent in the trend analyses prepared in requirements a and b, and briefly comment on the results.

d. Prepare a common-size analysis of the income statements for 2010 and 2009. Use the format shown in as a guide. (Round computations to one decimal place .)

e. Prepare a common-size analysis of the balance sheets for 2010 and 2009. Use the format shown in as a guide. (Round computations to one decimal place .)

f. What does the common-size analysis prepared in requirements d and e tell you about the company?