Instructor: Date: Course Operating data for Navarro Corporation are presented below 2015 Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2014 $750,000 465,000 105,000 60,000 36,000 84,000 $600,000 390,000 66,000 54,000 27,000 63,000 a schedule showing a vertical analysis for 2015 and 2014. Round percentages to one decimal Prepare point. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a"2 NAVARRO CORPORATION Condensed income Statements For the Years Ended December 31 2015 2014 Value Value Value Value Net Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expenses Net income Value Value Value Value Value