Question: Exercise 13-4 Operating data for Monty Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense

Exercise 13-4 Operating data for Monty Corp. are presented below 2017

Exercise 13-4 Operating data for Monty Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $843,400 526,700 121,800 79,300 37,500 78,100 $628,800 413,900 79,500 54,900 28,000 52,500 Prepare a schedule showing a vertical analysis for 2017 and 2016, (Round percentages to 1 decimal place, e.g. 12.1%.) MONTY CORP 2017 2016 Amount Percent Amount Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses201,100 Income before income taxes 115,600 $843,400 526,700 316,700 121,800 79,300 % $628,800 % 413,900 % 214,900 79,500 54,900 134,400 80,500 28,000 % $52,500 Income tax expense 37,500 Net income $ 78,100 Click if you would like to Show Work for this

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