Question
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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