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In 2020, Sally had the following results (she's an honest woman): Here are the numbers for 2021: Gross Sales 1,050,000 100 Gross Sales 1,100,100 Less:

In 2020, Sally had the following results (she's an honest woman): Here are the numbers for 2021:
Gross Sales 1,050,000 100 Gross Sales 1,100,100
Less: Sales Returns (100,000) Less: Sales Returns (100,100)
Net Sales 950,000 Net Sales 1,000,000
Cost Of Goods Sold: Cost of Goods sold:
Beginning Inventory 220,000 Beginning Inventory 200,000
Purchases 600,000 Purchases 700,000
Less: Purchase Allowances (50,000) Less: Purchase Allowances (60,000)
Less: Ending Inventory (200,000) Less: Ending Inventory (150,000)
Cost of Goods Sold 570,000 Cost of Goods Sold 690,000
Gross Profit 380,000 Gross Profit 310,000
Less: Operating Expenses (200,000) Less: Operating Expenses (200,000)
Less: Payroll Expenses - Less: Payroll Expenses (100,000)
Operating Income 180,000 Operating Income 10,000
Less: Interest Expense 0 Less: Interest Expense (40,000)
Net Income 180,000 Net Income (30,000)

Can someone please help me with a vertical analysis comparison of the two years financial statements for 2020 and 2021 in percentages?

Also what do you think is going on between the two years?

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