Question: Operating data for Manning Corporation are presented below. 2014 Net sales $600,000 Cost of goods sold 320,000 Operating expenses 130,000 Net income 150,000 Instructions Prepare

Operating data for Manning Corporation are presented below.

2014

Net sales $600,000

Cost of goods sold 320,000

Operating expenses 130,000

Net income 150,000

Instructions

Prepare a schedule showing a vertical analysis for 2014.

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