=+EX 3-28 Vertical analysis of income statement The following income statement data (in thousands) for Dell Inc. and Gateway, Inc., were taken from their recent annual reports:

Dell Gateway Net sales $35,404,000 $ 4,171,325 Cost of goods sold (expense) (29,055,000) (3,605,120)

Operating expenses (3,505,000) (1,077,447) ___________ ___________ Operating income (loss) $ 2,844,000 $ (511,242) ___________ ___________ ___________ ___________