The following data relate to bravo company for the year 2018:

Sales......................................................................800,000

Cost of Goods Sold................................................480,000

Gross profit............................................................320,000

Operating expenses:

Selling......................................................................40,000

Administrative..........................................................80,000

Profit before income tax.........................................200,000

Income tax expense................................................60,000

Profit.......................................................................140,000

Required:

A. Prepare a vertical analysis of the income statement.

B. what additional information would you need to determine if the percentages are good or bad?