Question: Operating data for Gallup Corporation are presented below. InstructionsPrepare a schedule showing a vertical analysis for 2011 and 2010. 2011 $750,000 465,000 120,000 60,000 33,000

Operating data for Gallup Corporation are presented below.

InstructionsPrepare a schedule showing a vertical analysis for 2011 and 2010.

2011 $750,000 465,000 120,000 60,000 33,000 72,000 2010 Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $600,000 72,000 24,000 60,000

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