Question: How do I calculate the 2017% in 2016% Prepare a comparative income statement, with vertical analysis, stating each item for both 2017 and 2016 as
How do I calculate the 2017% in 2016%

Prepare a comparative income statement, with vertical analysis, stating each item for both 2017 and 2016 as a percentage values to one decimal place and state as a whole number. Do not enter the percent sign. (For exam "95.7" ) . Reuters Company Comparative Income Statement For Years Ended December 31, 2017 and 2016 2017 Amount 2017 Percent (%) 2016 Amount 2016 Percent (%) Net sales v 750,000 X 600,000 X Cost of goods sold v 500,000 X 375,000 X Gross profit 250,000 X 225,000 X Selling expenses v 182,250 X 154,800 > X Administrative expenses v 24,750 X 18,000 X Total operating expenses 207,000 X 172,800 X Income before income tax v 43,000 X 52,200 Income tax expense v 11,600 X 12,000 X Net income 31,400 X 40,200 X Check My Work
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