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Current $ 350,000 Prior Percent $312,000 (A) Use the following information about the Cardinal Corporation to do a vertical analysis of the income statement for

Current $ 350,000 Prior Percent $312,000 (A) Use the following information about the Cardinal Corporation to do a vertical analysis of the income statement for the current year Fill in the missing components in the table. Account Net sales revenue Cost of goods sold 192,500 215.000 (B) Gross profit 157,500 97,000 (C) Selling/general expenses 84,000 36,500 (D) Net income before tax 73,500 60.500 (E) Income tax 14.000 6.400 (F) Net income 59,500 54,100 (G) BIUS I E = 3 E Insert Formula

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