Question: Exercise 13-4 Operating data for Sheffield Corp. are presented below. 2017 2016 $839,100 $649,000 Sales revenue 410,700 Cost of goods sold 522,400 76,300 Selling expenses

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

2016 $839,100 $649,000 Sales revenue 410,700 Cost of goods sold 522,400 76,300

Exercise 13-4 Operating data for Sheffield Corp. are presented below. 2017 2016 $839,100 $649,000 Sales revenue 410,700 Cost of goods sold 522,400 76,300 Selling expenses 121,700 54,000 Administrative expenses 76,200 Income tax expense 34,200 24,400 Net income 84,600 83,600 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)

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