Reference no: EM132958284
Operating data for Indigo Corporation are presented below.
2022 2021
Sales revenue $827,400 $647,900
Cost of goods sold $524,600 $413,600
Selling expenses 123,000 78,400
Administrative expenses $74,000 $54,000
Income tax expense $37,800 $26,600
Net income $68,000 $75,300
Problem 1: Prepare a schedule showing a vertical analysis for 2022 and 2021.
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