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Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %% Gross profit 309,200 % 212,300 % Selling expenses 121,500 % 73,300 % Administrative expenses 76,900 %6 54,800 % Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 %% Cost of goods sold 528,600 % 409,400 % Gross profit 309,200 % 212,300 ae Selling expenses 121,500 % 73,300 % Administrative expenses 76,900 % 54,800 96 Total operating expenses 198,400 % 128,100 % Income before income taxes 110,800 % 84,200 % Income tax expense 35.900 96 28,300 % Net income $ 74,900 %6 $55.900 96
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