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Prepare a schedule showing a vertical analysis for 2017 and 2016 Net sales Cost of goods sold 469,500 389,500 Selling expenses 124,500 Administrative expenses Income

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Prepare a schedule showing a vertical analysis for 2017 and 2016

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Net sales Cost of goods sold 469,500 389,500 Selling expenses 124,500 Administrative expenses Income tax expense Net income $754,000 65,000 30,000 65,000 $601,500 67,500 52,000 25,500 67,000 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round answe

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