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Operating data for Oriole Corporation are presented as follows. 2025 2024 Net sales $831,900 $629,500 Cost of goods sold 529,700 410,900 Selling expenses 125,400
Operating data for Oriole Corporation are presented as follows. 2025 2024 Net sales $831,900 $629,500 Cost of goods sold 529,700 410,900 Selling expenses 125,400 74,300 Administrative expenses 79,400 52,000 Income tax expense 37,000 24,500 Net income 60,400 67,800 Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, e.g. 12.1%) ORIOLE CORPORATION Condensed Income Statements 2025 Amount Percent $ 96 $ 96 96 96 96 96 96 Amount
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Vertical analysis is a method of financial statement analysis where each item on a financial statement is listed as a percentage of another item For the income statement each line item is usually repr...Get Instant Access to Expert-Tailored Solutions
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