Comparative data from the income statement of Fleetwood Corporation are shown below.

Instructions
Prepare a vertical analysis for Fleetwood Corporation.

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Net sales Cost of goods sold Gross profit Operating expenses Profit before income tax Income tax expense Profit 2017 $800,000 550,000 250,000 175,000 75,000 2016 $600,000 375,000 225,000 125,000 100,000 25,000 75,000 $ 56,250