please could someone provide a detailed explaination

Selected data (in thousands) from the statement of income of Marx Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, eg. 5.2%) 2021 Percentage Amount 2020 Percentage Amount Sales $1,912 23 % $2.066 96 Cost of goods sold 1,622 se 1.690 % Gross profit % 290 376 Operating expenses 217 96 96 210 Income before income tax 96 73 166 96 Income tax expense 15 96 33 96 96 558 Net Income $133 e Textbook and Media Attempts: unlimited Submit Answer O