Vertical Analysis of Income Statement Revenue and expense data for Tribal Technologies Co. are as...
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Vertical Analysis of Income Statement Revenue and expense data for Tribal Technologies Co. are as follows: 2018 2017 Sales $389,000 $327,000 Cost of goods sold 221,730 170,040 Selling expenses 66,130 62,130 Administrative expenses 73,910 75,210 Income tax expense 15,560 6,540 a. Prepare an income statement in comparative form, stating each item for both 2048 and 2017 as a percen percentages to one decimal place. Enter all amounts as a positive number. ror ule Tears Ended December 31, 2018 and 2017 2048 Amount 20Y8 Percent 20Y7 Amount 2017 Percent % % % % Gross profit % % % % O QUI QUOQUITI % % Total operating expenses se % % % % %
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