The following comparative percentage income statements and balance sheets are available for Charger Products: Required: 1. Explain why income from operations decreased in 2008 and 2009 while sales increased. 2. Determine whether the proportion of resources invested in the various asset categories changed. 3. Determine whether the proportion of capital supplied by creditors changed. 4. Indicate from what sources Charger secured the capital to finance its increase in current assets in2009.
The following comparative percentage income statements and balance sheets are available for Charger.
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