Question: Help 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all
Help 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 2013 2012 Sales revenues $ 99,300 % $ 127,524 Costs of goods sold 61,300 % 76,514 Gross profit 38,000 % 51,010 Selling, general, and Administrative expenses 31,100 % 31,100 Interest expense 574 % 420 Income before income tax expense 6,326 % 19.490 Income tax expense 3,585 % 6,260 Net income $ 2,741 % $ 13 230 R RR
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