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Exercise 14-2A (Algo) Vertical analysis LO 14-1 Fanning Company reported the following operating results for two consecutive years: Required Compute each income statement component for

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Exercise 14-2A (Algo) Vertical analysis LO 14-1 Fanning 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. (1.e., 234 should be entered as 23.4).)

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