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Question 29 ABC Company Income Statement 2019 2018 Sales revenue $450,000 $420,000 V Cost of goods sold 250000 230000 V Gross margin 200000 190000 V

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Question 29 ABC Company Income Statement 2019 2018 Sales revenue $450,000 $420,000 V Cost of goods sold 250000 230000 V Gross margin 200000 190000 V Operating expenses 167000 168000 V Pretax income 33000 22000 Income tax 10000 6000 Net income 23000 16000 Complete a vertical analysis for ABC Company for 2018

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