Question: Ycnr answer IS correct. Prepare a vertical analysis of the 2017 income statement data for alossom Company and Sunland Company. (Round all ratios to





Ycnr answer IS correct. Prepare a vertical analysis of the 2017 income statement data for alossom Company and Sunland Company. (Round all ratios to I decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Blossom Company Dollars Sunland Company Dollars Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Other Expenses and Losses Interest Expense Income Before Income Taxes Income Tax Expense Net Income / (Loss) 762,000 270,000 492,000 7,300 484,700 74,100 $410,600 100.00 58.86 41.14 14.58 26.57 0.39 26.17 4.00 22.17 $590,000 297,000 293,000 83,000 210,ooo 2,200 207,800 33,000 $174,800 100.00 c,'o 50.34 c,'o 49.66 c,'o 14.07 c,'o 35.59 c,'o 0.37 c,'o 35.22 c,'o 5.59 c,'o 29.63 ','0
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