Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ $ Amount 18,500,000 13,320,000 5,180,000 1,517,000 925,000 148,000 1,424,500 1,165,500 388,500 777,000 % 100.0 $ 72.0 38.9 29.3 61.0 16.0 $ Amount 2024 15,200,000 6,824,800 8,375,200 1,124,800 942,400 0 334,400 5,973,600 1,915,200 4,058,400 % 100.0 44.9 122.7 13.4 83.8 0.0

Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.)