AW-Ch13 * Course Hero X What is inventory turnover: inve x G what is cost of goods sold - Go x + C coc.instructure.com/courses/22387/assignments/576110?module_item_id=1202157 G + Grades ConferZOOM Question 7 .-/2 Announcements View Policies WileyPLUS Support Current Attempt in Progress Account Library Operating data for Martinez Corp. are presented below. The Learning Center Dashboard 2020 2019 Purchase Course Materials Sales revenue $750,000 $590,000 Courses Google Drive Cost of goods sold 441,750 364,030 Calendar NameCoach Selling expenses 102,000 74,340 Eh Campus Resource Guide Administrative expenses 55,500 50,150 Inbox Income tax expense 30,000 23,010 ? Net income 120,750 78,470 Help Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) MARTINEZ CORP. Condensed Income Statement 2020 2019 Amount Percent Amount Percent Sales $750,000 % $590,000 Cost of goods sold 441,750 % 364,030 KAW-Ch13 Course Hero X What is inventory turnover: inv x G what is cost of goods sold - Gc x + C coc.instructure.com/courses/22387/assignments/576110?module_item_id=1202157 G + Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) MARTINEZ CORP. Condensed Income Statement Account 2020 2019 Dashboard Amount Percent Amount Percent Sales $750,000 % $590,000 Courses Cost of goods sold 441,750 % 364,030 % Calendar Gross profit 308,250 225,970 Selling expenses 102,000 % 74,340 Inbox Administrative expenses 55,500 50,150 ? Help Total operating expenses 157,500 % 124,490 Income before income taxes 150,750 %% 101,480 Income tax expense 30,000 23,010 Net income $ 120,750 % $ 78,470 % eTextbook and Media Save for Later Attempts: unlimited Submit Answer Your grade has been recorded in the Gradebook. Sat, Jun 20, 2020, 2:26:36 PM (America/Los Angeles -07:00) K