Operating data for Bramble Corp. are presented below. 2022 2021 Sales revenue $827,200 $626,800 Cost of...

Transcribed Image Text:

Operating data for Bramble Corp. are presented below. 2022 2021 Sales revenue $827,200 $626,800 Cost of goods sold 529,100 412,600 Selling expenses 121,800 73,700 Administrative expenses 73,200 50,000 Income tax expense 33,400 27,100 Net income 69,700 63,400 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg 12.1XJ BRAMBLE CORP. Condensed Income Statement For the Years Ended December 31 2022 2021 Percent Amount Percent Amount Net income 69,700 63,400 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, es 12.1%) BRAMBLE CORP. Condensed Income Statement For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Sales $827,200 100.0 $626,800 100,0 Cost of goods sold 529,100 64.0 412.600 Gross profit 298,100 36.0 214,200 Selling expenses 121,800 14.7 73,700 Administrative expenses 73,200 8.8 50,000 Total operating expenses 195,000 23.6 123,700 Income before income taxes 103.100 12.5 90,500 Income tax expense 33,400 4.0 27.100 Net income $69,700 84 $63,400 8.4 eTextbook and Media Operating data for Bramble Corp. are presented below. 2022 2021 Sales revenue $827,200 $626,800 Cost of goods sold 529,100 412,600 Selling expenses 121,800 73,700 Administrative expenses 73,200 50,000 Income tax expense 33,400 27,100 Net income 69,700 63,400 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg 12.1XJ BRAMBLE CORP. Condensed Income Statement For the Years Ended December 31 2022 2021 Percent Amount Percent Amount Net income 69,700 63,400 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, es 12.1%) BRAMBLE CORP. Condensed Income Statement For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Sales $827,200 100.0 $626,800 100,0 Cost of goods sold 529,100 64.0 412.600 Gross profit 298,100 36.0 214,200 Selling expenses 121,800 14.7 73,700 Administrative expenses 73,200 8.8 50,000 Total operating expenses 195,000 23.6 123,700 Income before income taxes 103.100 12.5 90,500 Income tax expense 33,400 4.0 27.100 Net income $69,700 84 $63,400 8.4 eTextbook and Media

Answer rating: 100% (QA)

BRAMBLE CORP Condenced Income statement For the year ended December 2016 and 2017 2016 2017 Amoun... View the full answer