Question: Using the following operating data for Complex Corporation, prepare a schedule showing a vertical analysis for 2017. (Round percentage answers to 1 decimal place, e.g.

Using the following operating data for Complex Corporation, prepare a schedule showing a vertical analysis for 2017. (Round percentage answers to 1 decimal place, e.g. 15.2.) 2017 Percentage 2016 Net sales Cost of goods sold Gross profit Operating expenses Net income $360,000 210,000 50,000 112,000 38,000 % $320,000 % 180,000 1 96 100,000 % 40,000

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