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Prepare a vertical analysis (in percentage form only) of the following Income Statement. Show and...

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Accounting

Prepare a vertical analysis (in percentage form only) of the following Income Statement. Show and label your work. (1 point each)

Net Sales Revenue $450,000
Cost of Goods Sold $125,000
Gross Profit $325,000
Selling Expenses $120,000
Admin Expenses $90,000
Net Income $115,000

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