Company XYZ had the following financial statement information for the last two years: Sales Cost of goods sold Gross profit Other expenses Net income Using vertical analysis, what is the percentage of other expenses for 2022? 8.9% 27.4% 29.7% O 12.3% 2022 $ 52,000 $36,000 $ 16,000 $14,250 $ 1,750 2021 $ 48,000 $ 31,500 $ 16,500 $ 14,260 $ 2,240

Company \\( X Y Z \\) had the following financial stalement information for the last two years: Sales Cost of goods sold Gross prosit Other expenses Net income Using vertical analysis, what is the percentage of ether expenses for 2022? a. \0 \274 \29.7 \123