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Revenue and expense data for Young Technologies Inc. are as follows: Year 2 Year 1 Sales $500,000 $440,000 Cost of merchandise sold 325,000 242,000 Selling
Revenue and expense data for Young Technologies Inc. are as follows:
Year 2 | Year 1 | |
Sales | $500,000 | $440,000 |
Cost of merchandise sold | 325,000 | 242,000 |
Selling expenses | 70,000 | 79,200 |
Administrative expenses | 75,000 | 70,400 |
Income tax expense | 10,500 | 16,400 |
a. | Prepare a vertical analysis, stating each item for both years as an amount and as a percent of sales. Round to the nearest whole percent. |
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