Solution-Perform a vertical analysis with sales as the base

Perform a vertical analysis with sales as the base

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Reference no: EM13534338

Vertical analysis. (LO 2)

Use the income statement from Color Copy to perform a vertical analysis with sales as the base.

Color Copy Inc. Income Statement For the year ended September 30,2OO7
Sales revenue		$10,228
Cost of goods sold		5,75
Gross profit		$4,477
Operating expenses:
Depreciation-buildings and equipment	$ 100
Other selling and administrative	2,500
Total expenses		2,600
Income before interest and taxes		$ 1,877
Interest expense		350
Income before taxes		$1,527
Income taxes		150
Net income		1,377

Reference no: EM13534338

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Perform a vertical analysis with sales as the base

Reference no: EM13534338

Reference no: EM13534338

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