Question: 3. Operating data for Lewis Corporation are presented below. Net sales Cost of goods sold Operating expenses Net income 2015 $500,000 310,000 120,000 70,000 Instructions

3. Operating data for Lewis Corporation are presented below. Net sales Cost of goods sold Operating expenses Net income 2015 $500,000 310,000 120,000 70,000 Instructions Prepare a schedule showing a vertical analysis for 2015 Amount Percent Net sales Cost of goods sold Gross profit Operating expenses Net income $500,000 310,000 190,000 120,000 $70,000 1 I Pa g e

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