Exercise 13-4

Operating data for Grouper Corp. are presented below.

		2017		2016
Sales revenue		$842,800		$645,500
Cost of goods sold		529,300		411,200
Selling expenses		124,400		79,500
Administrative expenses		79,500		50,100
Income tax expense		36,000		27,500
Net income		73,600		77,200

Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)