Question: From the following partial income statement, prepare a vertical analysis. Assume that the net sales is 100% of the base From the following partial income

From the following partial income statement, prepare a vertical analysis. Assume that the net sales is 100% of the base

From the following partial income statement, prepare a vertical analysis. Assume that the net sales is 100% of the base: (Use parentheses or a minus sign to show a decrease in an account balance.) E: (Click the icon to view the data.) 2. 2020 2019 Net Sales 8,000 % $ 16,000 4,800 Cost of Goods Sold 6,000 % % Gross Profit 11,200 % 2,000 %

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