Operating data for Conard Limited are presented below.
______________________ 2017 _______________ 2016
Net sales .................... £750,000 ............... £600,000
Cost of goods sold ......... 480,000 .................. 408,000
Selling expenses ............ 105,000 ................... 84,000
Administrative expenses ... 75,000 .................... 54,000
Income tax expense ........ 36,000 .................... 18,000
Net income .................. 54,000 ................... 36,000
Instructions
Prepare a schedule showing a vertical analysis for 2017 and 2016?