$2$

The income statements for Federer Sports Apparel for $2025$ and $2024$ are presented below.

Required:

Prepare a vertical analysis of the data for $2025$ and $2024.$

Note: Round your percentage answers to $1$ decimal place.

$2$ points

FEDERER SPORTS APPAREL

Income Statements

For the Years Ended December $31$

$\backslash$table$[[$For the Years Ended December $31],[,2025,2024],[,$Amount,$\%,$Amount,$\%],[$Net sales,$$,19,600,100\mathrm{.}0,$$$,15,900,],[$Cost of goods sold,,$13,240,67\mathrm{.}6,,7,250,],[$Gross profit,,$6,360,32\mathrm{.}4,,8,650,],[$Operating expenses,,$1,680,,,1,288,],[$Depreciation expense,,$1,080,,,1,097,],[$Inventory write$-$down,,$280,,,0,],[$Loss $($litigation$),,1,540,,,366,],[$Income before tax,,$1,780,,,5,899,],[$Income tax expense,,$470,,,2,115,],[$Net income,$$,1,310,,$$$,3,784,]]$