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  3. e following information was obtained from the inco

e following information was obtained from the income statements of Perry Company and Rodriguez Company...

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Accounting

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e following information was obtained from the income statements of Perry Company and Rodriguez Company to be used in vertical analysis. Income Statement For Year Ended December 31, 2019 Perry Company Rodriguez Company Sales $2,720,000 $1,360,000 Cost of Goods Sold 1,360,000 646,000 Gross Profit 1,360,000 714,000 Operating Expense 884,000 440,800 Income before Taxes 476,000 273,200 Income Tax Expense 190,400 109,280 Net Income $285,600 $163,920 Required: 1. Compute Perry Company's Net income as a percentage of sales. 2. Compute Rodriguez Company's Net income as a percentage of sales. Round your responses to two decimal places. 0 % 1. Perry Company : % Rodriquez Company

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