2UIS 2012 DUllal 5 Percerlage Sales Revenue % % % % Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 104,000 62,000 42,000 36,400 540 5,060 1,000 $ 4,060 126,000 22,000) 73,100 (11,000) X 52,900 (10,900) 37,800 (1,400) 49545 1 4,605 (9,545) 5,400 (4,600) $ 9,205 $(5,145) 17.5 15.0 20.6 3.7 9.1 65.4 X 85.2 55.1 % % Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) Answer is complete but not entirely correct. COMPUTER TYCOON, INC. Income Statements For the Year Ended December 31 2013 Sales Revenue 104,000 104.0 % Cost of Goods Sold 62,000 62.0 x1 Gross Profit 42,000 1 42.0 % Selling, General, and Administrative 36,400 36.4 % Expenses Interest Expense 540 5.4 % Income before Income Tax Expense 5,060 5.1 % Income Tax Expense 1,000 1.0 % Net Income $ 4,060 4.1 X % % % % 126,000 73,100 52,900 37,800 495 14,605 5,400 $ 9,205 2012 126.0 73.1 X 52.9 37.8 X 5.0 14.6 X 5.4 9.2 % % % % Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2013 compared to 2012? Yes O No