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Prepare a schedule showing a vertical analysis

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Question - Operating data for Navarro Corporation are presented below.

 

2017

2016

Net sales

$754,000

$601,500

Cost of goods sold

469,500

389,500

Selling expenses

124,500

67,500

Administrative expenses

65,000

52,000

Income tax expense

30,000

25,500

Net income

65,000

67,000

Required - Prepare a schedule showing a vertical analysis for 2017 and 2016.

Reference no: EM131592894

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