1. The comparative income statements and balance sheet of Sarot, Inc., appear on the next page. Compute the amount and percentage changes for the income statements, and comment on the changes from 201

1. The comparative income statements and balance sheet of Sarot, Inc., appear on the next page. Compute the amount and percentage changes for the income statements, and comment on the changes from 2011 to 2012. (Round the percentage changes t one decimal place)

2. Express the comparative balance sheets of Sarot, Inc shown below, as common size statements, and comment on the changes from 2011 to 2012. (Round computation to one decimal place)

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