Financial Management Tutorials - Dr. Zahida FINANCIAL MANAGEMENT TUTORIALS Chapter 4: Evaluating Firm Performance QUESTION 1 Operating data for Krystal Corporation are presented below. 2013 2012 Net sales $750,000 $600,000 Cost of goods sold 465,000 390,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 54,000 Income tax expense 33,000 24,000 Net income 72,000 60,000 A. Prepare a schedule showing a vertical analysis for 2013 and 2012