Times New Roman 10 A A ap Wrap Text Paste 14 1141 BI UDay Merge & Ce Clipboard Font Alignment B C D E VERTICAL ANALYSIS Amazon Comparative Income Statements For the Years Ending December 31 Current Year Prior Year 2 Years Prior (CY) (PY) (2YP) Net Sales 100% 100% 100% Cost of goods sold 60.43% 59% 60% Gross Margin 40% 41% 40% Operating expenses: 0% 0% 0% Selling expenses 32% 34% 33% Administrative expenses 2% 2% 2% Total operating expenses 94% 95% 95% Income from continuing operations 6% 5% 5% Income tax expense -1% -1% -1% Nonrecurring items 0% 0% 0% Net income 6% 4% 4% Import Financial Statements Stock Prices Horizontal Analysis-IS Ver Workbook Statistics