Question: Operating data for Navarro Corporation are presented below. Instructions Prepare a schedule showing a vertical analysis for 2017 and 2016. 2017 2016 Net sales $750,000

Operating data for Navarro Corporation are presented below.

2017 2016 Net sales $750,000 $600,000 Cost of goods sold Selling expenses Administrative expenses Income tax expense 465,000 105,000 60,000 36,000 390,000 66,000 54,000 27,000 63,000 Net income 84,000

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

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