Problem #2 (Adapted) - Vertical Analysis The following date relate to Bravo Company for the year 2018: Sales P800,000 480,000 Cost of goods sold Gross Profit 320,000 Operating expenses Selling 40,000 Administrative 80,000 Total 120,000 Profit before income tax 200,000 Income tax expense Profit 60,000 P140,000 Required: A. Prepare a vertical analysis of the income statement B. What you additional information would you need to determine if the percentage are good or bad