Question: Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods

 Required: Prepare a vertical analysis of the data for 2022 and

Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount 19,500,000 12,870,000 6,630,000 1,794,000 1,170,000 351,000 1,696,500 1,618,500 604,500 $ 1,014,000 $ 2021 Amount 16,200.000 7.435,800 8.764,200 1.360.800 1.166.400 Depreciation expense Inventory write-down Loss (tigation) Income before tax 275.400 5.961,600 2 203 200 3,758.400 Income tax expense Net income

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