Complete the following vertical analyses of Dragonfly Corporations income statement. What line item is the largest percent
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Complete the following vertical analyses of Dragonfly Corporation’s income statement. What line item is the largest percent of sales in 2023? How has it changed from 2022 to 2023?
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(in millions) Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings before Provision for Taxes Provision for Taxes Net Income 2023 $ 63,762 33,092 30,670 15,335 7,052 145 8,138 2,848 $5,290 2022 $ 61,890 30,096 31,794 15,897 7,844 142 7,911 2,769 $ 5,142 As of percent of sales 2023 2022
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Related Book For
Intermediate Accounting
ISBN: 9780136946694
3rd Edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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