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Help, I am not sure how to input the formulas. I have a Mac. And I am not sure I am doing this correctly. Thornton

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Help, I am not sure how to input the formulas. I have a Mac. And I am not sure I am doing this correctly. Thornton Income Statement

Thomton Company Income Statement. For the Year Ending 2019 Sales Cost of Goods Sold Gross Profit (gross margin) Operating Expenses Interest Expense $960,000 586.000 use formula 254,400 24.000 Total Expenses 278,400 Income before taxes Income tax expense use formula 52,800 Net Income use formula Perform a Verticle Analysis on Thornton Company for 2019: Use formulas and Report as percentages, round percentages to one decimal (the first 2 are dene for you) 2019 Sales Cost of goods sold Gross margin Operating expenses Interest expense Total expenses Income before taxes 100.0 % 61.0 % Income tax expense Net margin Last year (2018) Thornton reported the following information: Thormton Company Income Statement For the Year Ending 2018 Sales Cost of Goods Sold Gross Profit (gross margin) Operating Expenses Interest Expense S800.000 100,0% 512.000 64.0% 36.0 % 288,000 175,000 21.9% 16,000 2.0% 191,000 Total Expenses 23.9% Income before taxes Income tax expense 97.000 12.1% 56,000 7,0% Net Income Profit margin tells a company haw much of every dollar of sales they get to keep after accounting for all expenses In which year did Thornton Company have the highest net profit margin (and ul 41,000 5.1% run a better business?)

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