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 eac year. (Round answers to 1 decimal place, e. 2017 2018 Percentage Amount Amount Percentage Net sales $1,906 $2,061 Cost of goods sold 1.612 1,679 Gross profit Operating expenses Income before income tax Income tax expense Profit
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