Prepare a vertical analysis of the 2022 Income statement data for Bramble company and Marle Company.

Here are comparative financial statement data for Bramble Company and Maria Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.

		Bramble Company				Maria Company
		2022		2021		2022		2021
Net sales		$1,824,000				$559,000
Cost of goods sold		1,050,624				296,829
Operating expenses		269,952				79,937
Interest expense		7,296				4,472
Income tax expense		54,720				6,708
Current assets		329,000		$312,100		82,300		$78,900
Plant assets (net)		520,800		499,700		140,700		125,100
Current liabilities		65,000		74,200		34,400		29,000
Long-term liabilities		108,400		92,000		30,800		25,200
Common stock, $10 par		495,500		495,500		122,500		122,500
Retained earnings		180,900		150,100		35,300		27,300

Answer rating: 100% (QA)

Condensed Income Statement Particulars Condensed Income ... View the full answer