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Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ROONEY COMPANY Vertical Analysis of Income Statements 2019 2018 Amount Percentage of Sales Amount Percentage of Sales Revenues Sales (net) $ 231,000 % $ 210.800 % Other revenues 9.900 6.400 Total revenues 240.900 217.200 Expenses Cost of goods sold 118,100 101,300 Selling, general, and administrative 53.000 48,500 expense Interest expense 6.900 6.100 Income tax expense 22.900 21.900 Total expenses 200,900 177.800 Net income $ 40,000 % $ 39.400 % Analysis Bal Sheet Analysis Inc Stmt>
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