Question: Prepare a vertical analysis using the following data (in thousands) from the comparative income statement of JTI Inc.: 2012 $1,914 1,612 302 218 84 17

Prepare a vertical analysis using the following data (in thousands) from the comparative income statement of JTI Inc.:

2012 $1,914 1,612 302 218 84 17 $ 67 2011 Net sales Cost of goods sold Gross profit Operating expenses Profit before income tax Income tax expense Profit $2,073 1,674 399 210 189 38 $ 151

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