Here are the comparative income statements of Ayayai Corp..

AYAYAI CORP. Comparative Income Statement For the Years Ended December 31

2017

2016

Net sales

$600,000

$500,000

Cost of goods sold

445,000

400,000

Gross Profit

155,000

100,000

Operating expenses

70,000

40,000

Net income

$ 85,000

$ 60,000

Prepare a vertical analysis of the income statement data for Ayayai Corp. for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)

AYAYAI CORP. Condensed Income Statements choose the accounting period December 31For the Years Ended December 31For the Month Ended December 31
	2017					2016
	$		Percent			$		Percent
Net sales	$600,000		enter percentages rounded to 1 decimal place	%		$500,000		enter percentages rounded to 1 decimal place	%
Cost of goods sold	445,000		enter percentages rounded to 1 decimal place	%		400,000		enter percentages rounded to 1 decimal place	%
Gross Profit	155,000		enter percentages rounded to 1 decimal place	%		100,000		enter percentages rounded to 1 decimal place	%
Operating expenses	70,000		enter percentages rounded to 1 decimal place	%		40,000		enter percentages rounded to 1 decimal place	%
Net income	$ 85,000		enter percentages rounded to 1 decimal place	%		$ 60,000		enter percentages rounded to 1 decimal place	%