Question: Operating data for Conard Corporation are presented below. Instructions Prepare a schedule showing a vertical analysis for 2014 and2013. 2013 Net sales Cost of goods

Operating data for Conard are presented below.

Instructions
Prepare a schedule showing a vertical analysis for 2014 and2013.

2013 Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $750,000 $600,000 408,000 84,000 54,000 18,000 36,000 480,000 105,000 75,000 36,000 54,000

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