Question: 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all
2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 2017 2016 Sales revenues Costs of goods sold Gross profit $ 100,000 % $ 124.121 % 61,500 % 74,473 % 38,500 % 49.648 % Selling, General, and Administrative expenses 31,000 % 31,000 % Interest expense Income before income tax expense Income tax expense 560 % 400 % 6,940 % 18,248 % 3,000 % 5.742 % Net income 69 3,940 $ 12,506 %
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