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Vertical analysis of income statement For 20Y2, Fieider Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising.

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Vertical analysis of income statement For 20Y2, Fieider Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the year, Le ff Grando, the president, is presented with the following condensed comparative income statement: 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years, Round to one decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign

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