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A B F G H E Listed below are the comparative income statement for Kelso Corporation for 2019 and 2018 2019 2018 Net Sales $800,400
A B F G H E Listed below are the comparative income statement for Kelso Corporation for 2019 and 2018 2019 2018 Net Sales $800,400 $742,600 Cost of Goods Sold 448,224 393,578 Gross Profit 352,176 349,022 Selling and Admin Expens 268,134 219,067 Net Income before Interest 84,042 129,955 Interest Expense 24,012 22,278 Net Income Before Tax 60,030 107,677 Income Tax Expense 16,008 37,130 Net Income $44,022 $70,547 = 1. Prepare a vertical analysis for each year with Net Sales as the 100% figure. 2. Comment on any significant findings. 9 0 1 2 23 24 25 26 27
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