Refer to Research In Motion financial statements in Appendix A to answer the following.
1. Using fiscal 2008 as the base year, compute trend percents for fiscal years 2008, 2009, and 2010 for revenues, cost of sales, operating expenses, income taxes, and net income. (Round percents to one decimal.)
2. Compute common size percents for fiscal years 2009 and 2010 for the following categories of assets: (a) total current assets, (b) property and equipment, net, and (c) intangible assets. (Round to the nearest tenth of a percent.)
3. Comment on any notable changes across the years for the income statement trends computed in part 1 and the balance sheet percents computed in part 2.
4. Access Research In Motion’s financial statements for fiscal years ending after February 27, 2010, from its the SEC database. Update your work for parts 1, 2, and 3 using the new information accessed.