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Operating data for Navarro Corporation are presented below. 2017 2016 Net sales $750,000 $599,000 Cost of goods sold 469,000 394,500 Selling expenses 123,000 70,000 Administrative
Operating data for Navarro Corporation are presented below.
| 2017 | 2016 | |||
| Net sales | $750,000 | $599,000 | ||
| Cost of goods sold | 469,000 | 394,500 | ||
| Selling expenses | 123,000 | 70,000 | ||
| Administrative expenses | 64,000 | 55,500 | ||
| Income tax expense | 37,500 | 23,500 | ||
| Net income | 56,500 | 55,500 |
Prepare a schedule showing a vertical analysis for 2017 and 2016.
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Auditing Employee Management
Authors: Kelli W. Vito, SPHR, CCP
1st Edition
0894137190, 9780894137198
