Benson Company reported the following operating results for two consecutive years:

Required

Compute each income statement component for each of the two years as a percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

BENSON COMPANY Percentage of Sales Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Vertical Analysis of Income Statements Percentage o 2019 2018 Sales $ 1,000,500 % $ 1,082,500 550,275 600,400 450,225 482,100 130,300 148,000 319,925 334,100 79,400 82,800 | $ 240,525 % $ 251,300 Income taxes Net income