Question 2: Prepare a vertical analysis of the income statement for Old Mill Corporation on...
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Question 2: Prepare a vertical analysis of the income statement for Old Mill Corporation on December 31, 2019. Complete it in the empty column. Round percentages to two decimals point. 2019 - $ Amount $1,510,000 2019-percentage Net sales Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income $980,000 290,000 59,000 71,000 $1,400,000 $110,000
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