Exercise 13-4 Operating data for Grouper Corp. are presented below. ...
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Accounting
Exercise 13-4
Operating data for Grouper Corp. are presented below.
| 2017 | 2016 | |||
| Sales revenue | $842,800 | $645,500 | ||
| Cost of goods sold | 529,300 | 411,200 | ||
| Selling expenses | 124,400 | 79,500 | ||
| Administrative expenses | 79,500 | 50,100 | ||
| Income tax expense | 36,000 | 27,500 | ||
| Net income | 73,600 | 77,200 |
Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)
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You can see the logs in the Dashboard.