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Required: Prepare a vertical analysis of the data for Year 2 and Year 1. (Round your percentage answers to 1 decimal place.) COMPANYA Income Statement
Required: Prepare a vertical analysis of the data for Year 2 and Year 1. (Round your percentage answers to 1 decimal place.) COMPANYA Income Statement For the Years Ended December 31 Year 2 Year 1 % % Net sales $ $ Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Amount 19,800,000 12,711,600 7,088,400 1,881,000 1,247,400 415,800 1,782,000 1,762,200 673,200 1,089,000 Amount 16,500,000 7,623,000 8,877,000 1,435,500 1,237,500 0 231,000 5,973,000 2,293,500 3,679,500 Income tax expense Net income $ $
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