Vertical Analysis of income statement

for 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional 50,000 for advertising. At the end of year, lumi neer, the president, is president 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 years. Round percentages to one decimal place. For those boxers in which you must enter subtracted or negative numbers use a minus sign.

Vertical analysis of income statement For 2012, T-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. At the end of the year, Lumi Neer the president is presented with the following condensed comparative income statement Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $1,500,000 $1.250,000 Coot of goods sold 1510,000) (475,000) Gross profit $ 990,000 3775.000 Selling expert (270,000) 5 (200,000) Administrative expenses (180,000) (356,250 Total operating expenses 50450,000) (356,250) Operating income 3540,000 5.418.750 other revenue 60,000 50.000 Income before income tax expense $ 600,000 5468.750 Income tax expense (450,000) (375,000 Niet income $150,000 393.750 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 percentages to one decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2012 2011 2011 Amount Percent Amount Percent Cost of goods sold Gross profit Selling expenses Administrative expenses Total Operating experts Operating income Other revenue Income before income tax expense Income tax expert Het income