Solution-Create vertical analysis of the income statement

Create vertical analysis of the income statement

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Reference no: EM132653606

Question - The following income statement data for AT&T Inc. and Verizon Communications, Inc were taken from their recent annual reports, [In Millions]

	AT&T%	Verizon%
Revenues:	163,786	125,980
Cost of services (expenses):	-76,884	-51,424
Selling, general, and administrative expenses:	-36,347	-31,569
Depreciation and other expenses:	-26,208	-15,928
Operating income:	24,347	27,059

Requirements -

1) Create vertical analysis of the income statement for AT&T and round % to one decimal place.

2) Create vertical analysis of the income statement for Verizon and round % to one decimal place.

3) Based on requirements above, how does AT&T compare to Verizon?

Reference no: EM132653606

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Create vertical analysis of the income statement

Reference no: EM132653606

Reference no: EM132653606

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