Question: solve this question please Comparative data from the income statement of Blossom Corporation are shown below. 2021 2020 Net sales $750,000 $550,000 Cost of goods
Comparative data from the income statement of Blossom Corporation are shown below. 2021 2020 Net sales $750,000 $550,000 Cost of goods sold 495,000 343,750 Gross profit 255,000 206,250 135,000 98,500 Operating expenses Profit before income tax 120,000 107.750 Income tax expense 30,000 26,938 Profit $90,000 $80,812 2021 2020 Net sales $750,000 $550,000 Cost of goods sold 495,000 343,750 Gross profit 255,000 206,250 135,000 98,500 Operating expenses Profit before income tax 120,000 107.750 Income tax expense 30,000 26,938 Proht $90,000 $80,812 Prepare a vertical analysis for Blossom Corporation (Round percentage answers to 1 decimal place, eg. 52.7%)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
