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Here are comparative financial statement data for Carla Vista Company and Sandhill Company, two competitors. All data are as of December 31, 2022, and December
Here are comparative financial statement data for Carla Vista Company and Sandhill Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Carla Vista Company Sandhill Company 2022 2021 2022 2021 Net sales $1,896,000 $561,000 Cost of goods sold 1,020,048 297,330 Operating expenses 257,856 79,662 Interest expense 7,584 3,927 Income tax expense 54,984 6,171 Current assets 322,500 $310,000 83,500 $78,000 Plant assets (net) 520,800 500,300 139,800 123,000 Current liabilities 64,200 75,600 34,400 29,600 Long-term liabilities 108,400 90,400 28,400 26,000 Common stock, $10 par 498,000 498,000 122,500 122,500 Retained earnings 172,700 146,300 38,000 22,900 Prepare a vertical analysis of the 2022 income statement data for Carla Vista Company and Sandhill Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement Carla Vista Company Dollars Percent % $ % % % % % % % % $ Sandhill Company Dollars Per
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