AP-20A LO 2 nia Inc. Comment on the results. Note that figures are in Perform a vertical analysis (use Sales as the base) for Hiltonia Inc. Comment on the results millions of dollars. Hiltonia Inc. 2018 2017 Sales $210 $250 COGS 150 200 Gross Profit Selling Expenses Salaries Rent Total Expenses Income before Tax 48 39 Taxes (35%) 16.8 13.65 Net Income $31.2 $25.35 12 11 Financial Statement Analysis Chapte Hiltonia Inc. % of Sales 2017 2018 % of Sales Sales COGS Gross Profit Selling Expenses Salaries Rent Total Expenses Income before Tax Taxes (35%) Net Income