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How do I get the percentages? ter 13 HW Using the following income statements, per at the calculations needed for vertical analyses. (Round perce place.)
How do I get the percentages?
ter 13 HW Using the following income statements, per at the calculations needed for vertical analyses. (Round perce place.) oped Previous % 6 LOCKEY ENGING CORPORATION Income Statements For the Years Ended December 31 Current Net Sales $ 100,000 Cost of Goods Sold 58.000 Gross Profit 42,000 Selling. General, and Administrative Expenses 9,000 Income from Operations 33,000 Interest Expense 3.000 Income before Income Tax 30,000 Income Tax Expense 0.000 let Income $ 21,000 $ 75,000 45,000 20,000 4,500 25,500 3,750 21,750 6.525 $15.225 136
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