Question: thanks so much Question 57 Selected data (in thousands) from the income statement of Marx Inc. are shown below. Using vertical analysis, calculate the percentage
thanks so much
Question 57 Selected data (in thousands) from the income statement of Marx Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 Percentage 2017 Percentage Amount Amount Net sales $1,906 $2,061 Cost of goods sold 1,612 1,679 Gross profit 294 382 Operating expenses 218 211 Income before income tax 76 Income tax expense Profit $137
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