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Question 43 Below is a partial multi-step income statement. Complete vertical analysis (VA) for the four missing items below. Convert decimals into percentage format and
Question 43 Below is a partial multi-step income statement. Complete vertical analysis (VA) for the four missing items below. Convert decimals into percentage format and round to two decimal places (e.g. 0.1234 to 12.34). Net Sales Gross Profit SG&A Net Income 2022 $1,500,000 $690,000 $462,000 $117,500 2022 VA% 100.00% I % do % XX.XX% 2021 $1,205,000 $699,750 $341,850 $133,300 4 pts 2021 VA % 100.00% % 24.33% %
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