Question: Operating data for Bramble Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income

Operating data for Bramble Corp. are presented below 2017 2016 Sales

Operating data for Bramble Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $842,100 521,600 122,100 78,600 35,600 84,200 $637,500 409,900 77,500 54,800 29,500 65,800 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%.) BRAMBLE CORP Condensed Income Statement 2017 2016 Percent Amount % $637,500 % 409,900 % 227,600 77,500 54,800 132,300 95,300 29,500 % $65,800 Percent Amount $842,100 521,600 320,500 122,100 78,600 Total operating expenses 200,700 Income before income taxes 119,800 35,600 84,200 Sales Cost of goods sold Gross proft Selling expenses Administrative expenses Income tax expense Net income Click if you would like to Show Work for this

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