Question: Operating data for Fleetwood Corporation are presented below: section*{Instructions} Prepare a schedule showing a vertical analysis for 1997 and 1996. 1997 1996 Sales $800,000 $600,000

Operating data for Fleetwood Corporation are presented below:

1997 1996 Sales $800,000 $600,000 Cost of goods sold 472,000 390,000 Selling

\section*{Instructions}
Prepare a schedule showing a vertical analysis for 1997 and 1996.

1997 1996 Sales $800,000 $600,000 Cost of goods sold 472,000 390,000 Selling expenses 120,000 72,000 Administrative expenses 80,000 54,000 Income tax expense 38,400 25,200 Net income 89,600 58,800

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