INSTRUCTIONS: Given the following information, perform a VERTICAL ANALYSIS INCOME STATEMENT 12/31/2019 Sales 210,000 Cost of goods sold 84,000 GROSS PROFIT 126,000 Selling expenses 20,000 Administrative expenses 30,000 TOTAL OPERATING EXPENSES 50,000 Income before tax 76,000 Income tax expense 22,800 NET INCOME 53,200

INSTRUCTIONS:	Given the following information, perform a VERTICAL ANALYSIS
	12/31/2019
BALANCE SHEET
Current Assets	50,000
Plant Assets, net	190,000
Total Assets	240,000
Current Liabilities	10,000
Long Term Liabilities	60,000
Total Liabilities	70,000
Common Stock, $1 par	100,000
Retained Earnings	70,000
Total Stockholders' Equity	170,000
Total Liabilities &	240,000
Stockholders' Equity