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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 $ Net sales Cost of goods sold Gross profil Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tix Income tax expense Net income Amount S 19.500,000 12.870.000 6,630,000 1.794.000 1.170.000 351.000 1,695,500 1.618.500 604,500 5 1,014 000 Amount 16,200.000 7,435,800 8,764 200 1360,800 1.166,400 0 275.400 5.961.600 2 203 200 3.758.400 5
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