The income statement for Federer Sports Apparel for 2016 and 2015 is presented below.
Required:
Prepare a vertical analysis of the data for 2016 and 2015.

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FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2016 2015 Amount Amount Net sales S 18,100,000 13,466,400 4,633,600 1,411,800 832,600 72,400 1,321,300 995,500 307700 687,800 $ 14,800,000 6,586,000 8.214.000 1,036,000 858,400 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income 251.600 6,068,000 1805600 $ 4,262,400