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Operating data for Navarro Corporation are presented below. Prepare a schedule showing a vertical analysis for 2015 and 2014. (Round answers to 1 decimal place,
Operating data for Navarro Corporation are presented below.
Prepare a schedule showing a vertical analysis for 2015 and 2014. (Round answers to 1 decimal place, e.g. 48.5%.)
Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2015 $750,630 462,760 117,420 56,900 34,990 78,560 2014 $597,770 386,370 72,840 57,760 22,010 58,790
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