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Hello need help with the white boxes 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $838,100
Hello need help with the white boxes
2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $838,100 525,000 125,800 77,400 35,500 74,400 $639,000 410,600 77,700 51,500 27,600 71,600 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%.) Prepare a schedule showing a vertical analysis for 2017 and 2016, (Round percentages to 1 decimal place, eg, 12.1%.) CULVER CORPORATION Condensed Income Statement For the Years Ended December 31 2017 2016 Amount Percent Amount Percent 100%$639,000 62.61 % 410,600 37.41 % 228,400 77,700 51,500 Sales $838,100 1001 % Cost of goods sold Gross profit Selling expenses 525,000 643] % 313,100 35.71 % 125,800 Administrative expenses 77,400 Total operating expenses 203,200 % 129,200 Income before income taxes 109,900 99,200 27,600 %71,600 Income tax expense 35,500 Net income $ 74,400 Click if you would like to Show Work for this question: Open ShStep by Step Solution
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