Question: Here are comparative financial statement data for Bramble Company and Maria Company, two competitors. All data are as of December 31, 2022, and December 31,

Here are comparative financial statement data for Bramble Company and Maria Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.

Bramble Company

Maria Company

2022

2021

2022

2021

Net sales

$1,824,000 $559,000

Cost of goods sold

1,050,624 296,829

Operating expenses

269,952 79,937

Interest expense

7,296 4,472

Income tax expense

54,720 6,708

Current assets

329,000 $312,100 82,300 $78,900

Plant assets (net)

520,800 499,700 140,700 125,100

Current liabilities

65,000 74,200 34,400 29,000

Long-term liabilities

108,400 92,000 30,800 25,200

Common stock, $10 par

495,500 495,500 122,500 122,500

Retained earnings

180,900 150,100 35,300 27,300

(a)

Prepare a vertical analysis of the 2022 income statement data for Bramble Company and Maria Company. (Round percentages to 1 decimal place, e.g. 12.1%.)

Condensed Income Statement choose the accounting period

Bramble Company

Maria Company

Dollars

Percent

Dollars

Percent

select an income statement item

$enter a dollar amount

enter percentages rounded to 1 decimal place %

$enter a dollar amount

enter percentages rounded to 1 decimal place %

select an income statement item

enter a dollar amount

enter percentages rounded to 1 decimal place %

enter a dollar amount

enter percentages rounded to 1 decimal place %

select a summarizing line for the first part

enter a total amount for the first part

enter percentages rounded to 1 decimal place %

enter a total amount for the first part

enter percentages rounded to 1 decimal place %

select an income statement item

enter a dollar amount

enter percentages rounded to 1 decimal place %

enter a dollar amount

enter percentages rounded to 1 decimal place %

select a summarizing line for the second part

enter a total amount for the second part

enter percentages rounded to 1 decimal place %

enter a total amount for the second part

enter percentages rounded to 1 decimal place %

select an opening section name

select an income statement item

enter a dollar amount

enter percentages rounded to 1 decimal place %

enter a dollar amount

enter percentages rounded to 1 decimal place %

select a summarizing line for the third part

enter a total amount for all three parts

enter percentages rounded to 1 decimal place %

enter a total amount for all three parts

enter percentages rounded to 1 decimal place %

select an income statement item

enter a dollar amount

enter percentages rounded to 1 decimal place %

enter a dollar amount

enter percentages rounded to 1 decimal place %

select a closing name for this statement

$enter a total net income or loss amount

enter percentages rounded to 1 decimal place %

$enter a total net income or loss amount

enter percentages rounded to 1 decimal place %

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