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Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers
Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Revenues Sales (net) 230,000 8,000 238,000 210,000 5,000 215,000 3.48 Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense 120,000 55,000 8,000 23,000 206,000 $32,000 103,000 50,000 7,200 22,000 182,200 % $32.800 Total expenses Net income
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