vertical analysis of income statement

Vertical analysis of income statement Sales Sales returns and allowances Net sales Cost of goods sold Gross Profit Selling expenses Administrative expenses Total operating expenses Other income Other expense Income before income taxes Income tax expense Net Income Percent Completed by Previous Year FULL NAME PRINTED HERE! Percent Current Year 15,000 300,000 375,000 5,000 1,500 150,000 _l_ 22,000 376,000 305,500 4,000 2,000 141,000