Exercise 9-2 Vertical analysis LO 9-1 Jordan 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. (i.e., .234 should be entered as 23.4).)

	2015	percentage sales	of	2014	percentage sales	-of
sales	$1.003,500	100.0	%	$1078,500	100.0	%
Cost of goods sold	551,925			599,600
gross margin on sales	451,575			478,900
operating expenese	129,900			149,200
income before taxes	321,675			329,700
income taxes	79,100			80,200
net income	$242,575		%	249,500		%