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Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, e.g 12.1%.) BRAMBLE CORPORATION

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Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, e.g 12.1%.) BRAMBLE CORPORATION Condensed Income Statements 2017 2016 Percent Percent Net sales Cost of goods sold Gross Profit Operating expenses Net income $630,300 448,200 182,100 70,800 111,300 % $569,500 % 429,100 % 140,400 % 40,300 % $100,100

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