Revenue and expense data for Vent Molded Plastics and for the plastics industry as a whole follow:

Required
Convert the dollar figures for Vent Molded Plastics into percentages based on net sales. Compare these with the industry average, and comment on yourfindings.

Vent Molded Plastics Plasties Industry Sales Sales retums Cost of goods sold Selling expenses General expenses Other income Other expense Income tax $462,000 4,500 330,000 43,000 32,000 1,800 7,000 22,000 100.3% 0.3 67.1 10.1 7.9 0.4 1.3 5.5