Question: Operating data for Joshua Corporation are presented below Instructions Prepare a schedule showing a vertical analysis for 2017 and 2016 2016 $800,000 520,000 120,000 60,000

Operating data for Joshua Corporation are presented below

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

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

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