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Operating data for Navarro Corporation are presented below.

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Question;Operating data for Navarro Corporation are presented below.InstructionsPrepare a schedule showing a vertical analysis for 2015 and2014.NAVARRO CORPORATIONCondensed Income StatementsFor the Years EndedDecember 3120152014AmountPercentAmountPercentNet sales$750,000%$600,000%Cost of goods sold465,000%390,000%Gross profit285,000%210,000%Selling expenses105,000%66,000%Administrative expenses60,000%54,000%Total operating expenses165,000%120,000%Income before income taxes120,000%90,000%Income taxes expense36,000%27,000%Net income$84,000%$63,000%

 

Paper#43404 | Written in 18-Jul-2015

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