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The Income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and
The Income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 2021 % % S S Amount 19,000,000 13.110.000 5,890,000 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Amount 15.700.000 7,127,800 8.572,200 1.240,300 1,051,900 1,653,000 1.045,000 247,000 0 1.558,000 329,700 5.950.300 2,056,700 3.893,600 1,387,000 494,000 893,000 Income tax expense Net income S S
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