Use the following Comparative Income Statement to prepare the VERTICAL ANALYSIS for two years EFG Company...

 

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Use the following Comparative Income Statement to prepare the VERTICAL ANALYSIS for two years EFG Company for 2020 & 2019, Net Sales Revenue Expenses: Cost of Goods Sold Selling & Admin Expenses Other Expenses Total Expenses Net Income EFG Company Comparative Income Statement Years Ended December 31, 2020 and 2019 Percent of Total 2020 $262,800 98,200 41,600 3,000 142,800 $35,600 2019 $192,000 65,200 32,400 4,200 101,800 43,200 Percent of Total Use the following Comparative Income Statement to prepare the VERTICAL ANALYSIS for two years EFG Company for 2020 & 2019, Net Sales Revenue Expenses: Cost of Goods Sold Selling & Admin Expenses Other Expenses Total Expenses Net Income EFG Company Comparative Income Statement Years Ended December 31, 2020 and 2019 Percent of Total 2020 $262,800 98,200 41,600 3,000 142,800 $35,600 2019 $192,000 65,200 32,400 4,200 101,800 43,200 Percent of Total

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