Question: Question 57 Selected data (in thousands) from the income statement of Vermillion Inc. are shown below. Using vertical analysis, calculate the percentage of the base

Question 57 Selected data (in thousands) from the income statement of Vermillion Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for ead year. (Round answers to I decimal place, 2018 Percentage 2017 Percentage Amount Amount Net sales $1,906 El Cost of goods sold 1,612 Gross profit Operating expenses Income before income tax Income tax expense Profit

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