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  3. jordan company reported the following operating re

Jordan Company reported the following operating results for two consecutive years. Required Compute...

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Accounting

Jordan Company reported the following operating results for two consecutive years.

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Compute each income statement component for each of the two years as a percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

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JORDAN COMPANY Vertical Analysis of Comparative Income Statement Percentage of Sales Percentage of Sales 2015 2014 Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income $ 1,003,000 551,650 451,350 129,900 321,450 79,300 $ 242,150 %| $ 1,076,500 601,800 474,700 148,600 326,100 83,000 %|$ 243,100

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