Question: Prepare a schedule showing a vertical analysis for 2020 Operating data for Manning Corporation are presented below. 2020 Net sales $500,000 Cost of goods sold

Prepare a schedule showing a vertical analysis for 2020 Operating data

Prepare a schedule showing a vertical analysis for 2020

Operating data for Manning Corporation are presented below. 2020 Net sales $500,000 Cost of goods sold 340,000 Gross profit 160,000 Operating expenses 120,000 Net income 40,000

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