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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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