Question: how do I solve this STANDARD VEw MESSAGE NY INSTRtJCTOR CALCULATOR Exercise 13-4 Operating data for Jacobs Corporation are presented below. $600,000 408,000 72,000 48,000

STANDARD VEw MESSAGE NY INSTRtJCTOR CALCULATOR Exercise 13-4 Operating data for Jacobs Corporation are presented below. $600,000 408,000 72,000 48,000 24,000 48,000 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,000 520,000 120,000 60,000 30,000 70,000 Prepare a schedule showing a vertical analysis for 2014 and 2013. (Round percentages to 1 decimal place, eg. 12.1%.) Condensed Income Statement For the Years Ended 2013 2014 $800,000 520,000 280,000 120,000 60,000 180,000 100,000 196 $600,000 |% 408,000 % 192,000 1% 72,000 48,000 % 120,000 1% 72,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes MESSAGE MY INSTRUCTOR STANDARD CALCULATOR Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $600,000 408,000 72,000 48,000 24,000 48,000 $800,000 520,000 120,000 60,000 30,000 70,000 Prepare a schedule showing a vertical analysis for 2014 and 2013. (Round percentages to 1 decimal place, e.g. 12.1%.) JACOBS CORPORATION Condensed Income Statement For the Years Ended December 31 2013 2014 Amount 96 $600,000 % 408,000 196 192,000 % 72,000 48,000 96 120,000 |% 72,000 % 24,000 9% $48,000 $800,000 520,000 280,000 120,000 60,000 180,000 100,000 30,000 $ 70,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense Net income 9%
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