Exercise $12-2($Static$)$ Prepare vertical analysis $($LO$12-1)$

The income statements for Federer Sports Apparel for $2025$ and $2024$ are presented below.

Required:

Prepare a vertical analysis of the data for $2025$ and $2024.($Round your percentage answers to $1$ decimal place.$)$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$FEDERER SPORTS APPAREL$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$Income Statement$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$For the Years Ended December $31\}\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{3\}\{|$c$|\}\{2025\}$ & $\backslash$multicolumn$\{3\}\{|$c$|\}\{2024\}\backslash \backslash$

$\backslash$hline & & mount & $\backslash \%$ & & mount & $\backslash \%\backslash \backslash$

$\backslash$hline Net sales & $\backslash$$ & $18,800,000$ & $100\mathrm{.}0$ & $\backslash$$ & $15,500,000$ & $100\mathrm{.}0\backslash \backslash$

$\backslash$hline Cost of goods sold & & $13,200,000$ & & & $7,000,000$ : & $\backslash \backslash$

$\backslash$hline Gross profit & & $5,600,000$ & & & $8,500,000$ & $\backslash \backslash$

$\backslash$hline Operating expenses & & $1,600,000$ & & & $1,200,000$ & $\backslash \backslash$

$\backslash$hline Depreciation expense & & $1,000,000$ & & & $1,000,000$ & $\backslash \backslash$

$\backslash$hline Inventory write$-$down & & $200,000$ & & & $0$ & $\backslash \backslash$

$\backslash$hline Loss $($litigation$)$ & & $1,500,000$ & & & $300,000$ & $\backslash \backslash$

$\backslash$hline Income before tax & & $1,300,000?$ & & & $6,000,000$ & $\backslash \backslash$

$\backslash$hline Income tax expense & & $450,000$ & & & $2,000,000$ & $\backslash \backslash$

$\backslash$hline Net income & $\backslash$$ & $850,000$ & & $\backslash$$ & $4,000,000$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$