Question: Perform a vertical analysis on the income statement. (Always use cell references and formulas where appropriate to receive full credit.) RIVERSIDE SWEETS Income Statement Year

 Perform a vertical analysis on the income statement. (Always use cell

Perform a vertical analysis on the income statement. (Always use cell references and formulas where appropriate to receive full credit.) RIVERSIDE SWEETS Income Statement Year Ended June 30, 2019 $ 2,800,000 Net Sales Cost of Goods Sold 1,551,600 Gross Profit 1,248,400 450,540 Operating Expenses 797,860 Operating Income Other Income and (Expenses) Interest Expense 15.000 Income Before Income Taxes 782,860 Income Tax Expense 153.529 Net Income 629.331 HINTS 1. For cell references, begin the formula with an equals sign (=), use the income statement in this worksheet for vour calculations. and press the enter kev

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