Operating data for Joshua Corporation are presented below

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

Transcribed Image Text:

2016 $800,000 520,000 120,000 60,000 30,000 70,000 Sales revenue Cost of goods sold Selling expenses $600,000 408,000 72,000 48,000 24,000 48,000 Income tax expense Net income