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You've been provided with the following information about a business Complete a VERTICAL analysis for the Interest expense account for the current year.
You've been provided with the following information about a business
Complete a VERTICAL analysis for the "Interest expense" account for the current year. Round the percentage change to one decimal place.
\begin{tabular}{|l|l|l|} \hline Profit and loss statement & Current year & Prior year \\ \hline Revenue & 14,800 & 18,500 \\ \hline Less Cost of sales & 6,000 & 7,500 \\ \hline Gross profit & 8,800 & 11,000 \\ \hline Less expenses & & \\ \hline Wages Expense & 5,500 & 6,500 \\ \hline Interest Expense & 2,200 & 2,000 \\ \hline Depreciation Expense & 1,000 & 1,200 \\ \hline Advertising Expense & 900 & 800 \\ \hline Net profit & -800 & 500 \\ \hline \end{tabular}
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