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Question 29 ABC Company Income Statement 2019 2018 Sales revenue $450,000 $420,000 Cost of goods sold 250000 230000 200000 190000 Gross margin Operating expenses 167000

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

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