Operating data for Conard Corporation are presented below. Prepare vertical analysis. 2014 2013 rom Net sales $750,000

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Operating data for Conard Corporation are presented below. Prepare vertical analysis.

2014 2013 rom Net sales $750,000 $600,000 XLS Cost of goods sold 480,000 408,000 Selling expenses 105,000 84,000 F ’

Administrative expenses 75,000 54,000 Income tax expense 36,000 18,000 Net income 54,000 36,000 Instructions Prepare a schedule showing a vertical analysis for 2014 and 2013.

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