XI B FILE Paste 8 A1 HOME Clipboard S Calibri INSERT BI U- A V : -11 4 5 6 7 8 9 Net sales 10 Cost of goods sold 11 Gross profit 12 Operating expenses 13 Operating income HH- Font X PAGE LAYOUT * A M B C 1 Lake Athletics sells two distinct product lines: Apparel and Equipment. 2 The income statement for each product line appears below. 3 Amount Perform Vertical Analysis - Excel FORMULAS DATA % Alignment Number Q Search LAKE ATHLETICS Income Statement For the Year Ended December 31, 20X1 Apparel $3,150,000 1,400,000 1,750,000 800,000 950,000 Percent Conditional Format as Cell Formatting Table Styles - Styles Lake Athletics sells two distinct product lines: Apparel and Equipment. Prev 2 of 2 REVIEW M PRE VIEW D Amount 201 Equipment $5,550,000 2,720,000 2,830,000 875,000 1,955,000 Cells Editing E CU Percent Score answer > ? CIA Ters: Sign In F X NOLLOSASSON K 135