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Operating data for Navarro Corporation are presented below. 2015 Net sales $750,000 Cost of goods sold 465,000 Selling expenses 105,000 Administrative expenses 60,000 Income tax
Operating data for Navarro Corporation are presented below. 2015 Net sales $750,000 Cost of goods sold 465,000 Selling expenses 105,000 Administrative expenses 60,000 Income tax expense 36,000 Net income 84,000 2014 $600,000 390,000 66,000 54,000 27,000 63,000 Instructions Prepare a schedule showing a vertical analysis for 2015 and 2014. Round percentages to one decimal point. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2014 Percentage Net Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expenses Net income 2015 Amount Percentage Amount Value Value Value Value ? Value Value Value Value CCCCCCCC Value Value
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