Vertical Analysis of Comparetive Financial Statements Amounts from the comparative Income statement and balence sheet of Miller Electronics Corporation for the last two yoars ere as follows: Miter Electronics Corporation Comparative Income Statement Far Years Ended December 31, 20-2 and 20-1 20-2 20-1 $642,940 393,230 $2?9,710 $63,577 66,264 $129,841 $119,869 1,272 $118,597 $413,640 259,230 $154,410 $42,905 43,987 $86,892 $67,518 1,190 $66,328 13,651 $52,677 Net Sales (all on account) Cost ot goods sold Gross profnt Adminstrative expenses Selling expenses