ACCT 72 Version 1 In class Assignment. Operating data for Poll Corporation are presented below. 2017...

Transcribed Image Text:

ACCT 72 Version 1 In class Assignment. Operating data for Poll Corporation are presented below. 2017 2016 Net sales $900,000 $700,000 Cost of goods sold 570,000 450,000 Selling expenses 140,000 90,000 Administrative expenses 0880,000 60,000 Income tax expense 08 33,000 30,000 Net income 77,000 70,000 Instructions: 000 (a) Prepare a schedule showing a vertical analysis for 2017 and 2016. (b) What is the primary use of vertical analysis? (c) What does the schedule from part (a) tell you about Poll? bonec nous Violi viuno eisblorbloote ACCT 72 Version 1 In class Assignment. Operating data for Poll Corporation are presented below. 2017 2016 Net sales $900,000 $700,000 Cost of goods sold 570,000 450,000 Selling expenses 140,000 90,000 Administrative expenses 0880,000 60,000 Income tax expense 08 33,000 30,000 Net income 77,000 70,000 Instructions: 000 (a) Prepare a schedule showing a vertical analysis for 2017 and 2016. (b) What is the primary use of vertical analysis? (c) What does the schedule from part (a) tell you about Poll? bonec nous Violi viuno eisblorbloote