Operating data for Joshua Corporation are presented below Instructions Prepare a schedule showing a vertical analysis for 2022 and 2021 2022 2021 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,000 $600,000 520,000 72,000 48,000 24,000 48...

JOSHUA CORPORATION Condensed Income Statement For the Yea ...

Operating data for Joshua Corporation are presented below. Instructions Prepare a schedule showing a vertical analysis for

Question:

Operating data for Joshua Corporation are presented below.

2022 2021 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,0

Instructions

Prepare a schedule showing a vertical analysis for 2022 and 2021.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...