Question: Operating data for Joshua Corporation are presented below. Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. 2020 2019 Sales revenue Cost

Operating data for Joshua are presented below.

2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,0

Instructions
Prepare a schedule showing a vertical analysis for 2020 and 2019.

2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,000 520,000 $600,000 408,000 72,000 120,000 60,000 48,000 30,000 70,000 24,000 48,000

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