Operating data for Swifty Corporation are presented as follows.

$2022$

$2021$

Sales revenue $$830,700$ $$634,900$

Cost of goods sold $531,64\mathrm{8\; }412,685$

Selling expenses $124,6\mathrm{0 }576,188$

Administrative expenses $74,76350,792$

Income tax expense $33,22825,396$

Net income $66,45669,839$

Prepare a schedule showing a vertical analysis for $2022$ and $2021.($Round percentages to $1$ decimal place, e$.$g$.12\mathrm{.}1\%.)$

Answer rating: 100% (QA)

To calculate the vertical analysis percentages for 2022 and 2021 we need to ... View the full answer