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Vertical Ahalyis of Income Statement Pevenue and expense data for innovation Quarter Inc. for two recent vears are as follows: a. Preoare an income statement

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Vertical Ahalyis of Income Statement Pevenue and expense data for innovation Quarter Inc. for two recent vears are as follows: a. Preoare an income statement in comparative form, stating each item for both years as a percent of saies. If required, round percentages to one decimal place. Enter all amoun as pestive numbers b. The rertical aneins indicates that the cest of merchundibe sold as a percent of wies percemage pointa, and dominatrative ergenses. by I percercase poinks. thus, net income ai a percent of ales

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