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Rundle Company reported the following operating results for two consecutiRUNDLE COMPANY Vertical Analysis of Income...

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Accounting

Rundle Company reported the following operating results for two consecutiRUNDLE COMPANY
Vertical Analysis of Income Statements
Year 4 Percentage of Sales Year 3 Percentage of Sales
Sales $1,004,500% $1,083,500%
Cost of goods sold 552,475600,000
Gross margin on sales 452,025483,500
Operating expenses 129,400149,200
Income before taxes 322,625334,300
Income taxes 80,70082,200
Net income $241,925% $252,100%ve years:

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