Question: Operating data for Jacobs Corporation are presented below. 2014 2013 Sales revenue $821,900 $631,900 Cost of goods sold 526,900 410,000 Selling expenses 124,200 77,300 Administrative
Operating data for Jacobs Corporation are presented below.
| 2014 | 2013 | |||
| Sales revenue | $821,900 | $631,900 | ||
| Cost of goods sold | 526,900 | 410,000 | ||
| Selling expenses | 124,200 | 77,300 | ||
| Administrative expenses | 79,900 | 55,000 | ||
| Income tax expense | 38,000 | 28,300 | ||
| Net income | 52,900 | 61,300 |
Prepare a schedule showing a vertical analysis for 2014 and 2013. (Round percentages to 1 decimal place, e.g. 12.1%.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help