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Perform a vertical analysis of the income statement for Google LLC for the year ended December 31, 2020. Use the following data: Sales: $200 billion
Perform a vertical analysis of the income statement for Google LLC for the year ended December 31, 2020. Use the following data:
- Sales: $200 billion
- Cost of Goods Sold: $90 billion
- Selling Expenses: $30 billion
- Administrative Expenses: $20 billion
- Income Tax Expense: $10 billion
- Net Income: $50 billion
- Calculate each line item as a percentage of sales.
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