The most recent annual statement of profit or loss for Vertigo Enterprises is presented below. Prepare a
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The most recent annual statement of profit or loss for Vertigo Enterprises is presented below. Prepare a vertical analysis of the statement.
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Income Expenses Cost of sales Advertising expense Insurance expense Rent expense Utilities expense Depreciation Wages and salaries Interest expense Total expenses Profit Vertigo Enterprises Statement of profit or loss $648 000 282 000 63 300 33 600 48 400 3680 24 600 125 000 9600 590 180 $ 57 820
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