Exercise 18-2 Operating data for Navarro Corporation are presented below.

2015	2014
Net sales	$747,860	$604,870
Cost of goods sold	460,260	388,110
Selling expenses	119,060	73,890
Administrative expenses	62,440	55,940
Income tax expense	30,150	26,060
Net income	75,950	60,870

Prepare a schedule showing a vertical analysis for 2015 and 2014. (Round answers to 1 decimal place, e.g. 48.5%.)

NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31
2015	2014
Amount	Percent	Amount	Percent
Net sales	$747,860	%	$604,870	%
Cost of goods sold	460,260	%	388,110	%
Gross profit	287,600	%	216,760	%
Selling expenses	119,060	%	73,890	%
Administrative expenses	62,440	%	55,940	%
Total operating expenses	181,500	%	129,830	%
Income before income taxes	106,100	%	86,930	%
Income taxes expense	30,150	%	26,060	%
Net income	$75,950	%	$60,870