Operating data for Navarro Corporation are presented below Instructions Prepare a schedule showing a vertical analysis for 2017 and 2016 2017 2016 Net sales $750,000 $600,000 Cost of goods sold Selling expenses Administrative expenses Income tax expense 465,000 105,000 60,000 36,000 390,000 66,000 ...

Shedule Showing Vertical Analysis 2017 2016 Amount Percent Amount Percent Net sales 750000 ...

Operating data for Navarro Corporation are presented below. Instructions Prepare a schedule showing a vertical analysis for

Question:

Operating data for Navarro Corporation are presented below.

2017 2016 Net sales $750,000 $600,000 Cost of goods sold Selling expenses Administrative expenses Income tax expense 465,000 105,000 60,000 36,000 390,000 66,000 54,000 27,000 63,000 Net income 84,000

Instructions

Prepare a schedule showing a vertical analysis for 2017 and 2016.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...