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Complete a vertical analysis of the following income statement from Gomez Corporation. Do not use a negative sign in your answers. Round to the nearest
Complete a vertical analysis of the following income statement from Gomez Corporation. Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2020 2019 % of Sales % of Sales Revenues $145,000 $159,500 0 % Cost of goods sold 102,400 115,200 0 % 0 % Gross margin 42,600 44,300 Operating expenses 30,800 35,000 $ 11,800 $ 9,300 % 0 % 0 % 0 % 0 % Net income 0 % 0 %
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