Required: Perform a vertical and horizontal analysis
Only Shoes
Income Statement (in 000's)
			1998	1997
Net sales revenue			$776,162	$479,739
Cost of Goods Sold			452,330	279,816
Gross profit			323,832	199,923
Operating expenses			272,587	165,627
Operating Income			51,245	34,296
Interest Expense			7,916	76
Income before Taxes			43,329	34,220
Tax Expenses			16,681	12,817
Net Income			$26,648	$21,403