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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. 12.3%.) BRAMBLE CORPORATION

Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.3%.)

BRAMBLE CORPORATION Condensed Income Statements choose the accounting period For the Months Ended December 31December 31For the Years Ended December 31

2022

2021

Amount

Percent

Amount

Percent

Net sales

$667,000

enter percentages %

$554,000

enter percentages %

Cost of goods sold

526,263

enter percentages %

457,604

enter percentages %

Gross profit

140,737

enter percentages %

96,396

enter percentages %

Operating expenses

93,380

enter percentages %

52,076

enter percentages %

Net income

$ 47,357

enter percentages %

$ 44,320

enter percentages %

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