The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required:...
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The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) OOK int Print -erences Net sales Cost of goods sold Gross profit Operating expenses Depreciation expenso Inventory write down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount % s 18.000.000 $ 13.154,400 5,745,600 1,625,400 1.020,000 226,800 1,530.900 1,341,900 472.500 $ 889.400 $ 2021 Amount 15,600,000 7.066,800 8,533,200 1216 800 1,029,600 0 312,000 5,974.800 2,028 000 3,946,800
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