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The Wilson Company's Income Statements are presented below for 2011 and 2010. WILSON COMPANY Income Statements For Years Ended December 31, 2011 and 2010 2011
The Wilson Company's Income Statements are presented below for 2011 and 2010. WILSON COMPANY Income Statements For Years Ended December 31, 2011 and 2010 2011 2010 Sales $90,000 $100,000 Cost of goods sold (67,000) (75,000) Gross profit $23,000 $ 25,000 Operating expenses (12,000) (14,000) Income taxes (5,000) (4,000) Income from continuing operations $ 6,000 $ 7,000 Extraordinary items (net of taxes) (2,000) 2,000 Net income $ 4,000 $ 9,000 Earnings per share $ 1.00 $ 2.25 Required: Prepare vertical analysis for 2011
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