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-74 View Policies Current Attempt in Progress Operating data for Oriole Corporation are presented as...

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Accounting

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-74 View Policies Current Attempt in Progress Operating data for Oriole Corporation are presented as follows. 2022 2021 Net sales $746,000 $595.000 Cost of goods sold 466.996 386,750 Selling expenses 117,868 76,160 Administrative expenses 59.680 57.715 Income tax expense 31.332 25,585 Net income 70,124 48.790 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, s. 48.5%) ORIOLE CORPORATION Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, s. 48.5%) ORIOLE CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Net sales $746,000 96 5595.000 Cost of goods sold 466,996 90 386.750 279.004 90 Gross profit 206,2500 Selling expenses 117,868 76,160 59.680 96 57715 Administrative experises 96 133825 90 Total operating expenses 177.548 625 SMPM 31/2 -14 TI Gross profil 279.004 90 208. 2500 Selling expenses 117.868 35 16,160 Administrative expenses 59.680 57,715 Total operating expenses 177548 133.875 Income before Income taxes 101.456 992 74 375 Income tax expense 31.332 25.585 Net Income $70,124 $48.790 e Textbook and Media Attempts unlimited Site

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