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please help show formulas too they are required. Lake Athietics has provided you with the income Statements for two of its product lines for the
please help show formulas too they are required. Lake Athietics has provided you with the income Statements for two of its product lines for the year ended December 31 . The Controller has asked you to perform the vertical analysis of the product lines and compore the fwo products. Required: 1. Use appropriote Excel formulas to perform vertical analysis and compiete the "Percent" columns for both product lines. Express each amount as a percentage of net sales. 2. Use the completed vertical analysis above to answer each of the questions in Excel. Navlgation: 1. Use the Open Excel in New Tab button to lounch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. LAKE ATHLETISS Income Statement 19 20 Prequired: 1. Use appropriate Excel formulas to perform vertical analysis and complete the "Percent" columns for both product lines. Express each amount as a percentage 21 of net sales. 22. 2. Use the completed vertical analysis above to anwwer each of the questions in Excel. 23 24 Which product line has the highest gross profit percent? Which product line has the highest net income percent
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