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Here are the comparative condensed income statements of Whispering Winds Corporation. WHISPERING WINDS CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021
Here are the comparative condensed income statements of Whispering Winds Corporation. WHISPERING WINDS CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $609,000 $500,400 Cost of goods sold 463,449 425,340 Gross Profit 145,551 75,060 Operating expenses 77,952 40,032 Net income $ 67,599 $35,028 Prepare a vertical analysis of the income statement data for Whispering Winds Corporation for both years. (Round percentages to 1 decimal place, eg. 12.1%) WHISPERING WINDS CORPORATION Condensed Income Statements For the Years Ended December 31 2022 Percent % $500,400 2021 Percent. Net sales $609,000 Cost of goods sold 463,449 % 425,340 Gross Profit 145,551 75,060 Operating expenses 77.952 %6 40,032 Net income $ 67,599 96 $35,028 %
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