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Using the following operating data for Complex Corporation prepare a schedule showing a vertical analysis for 2017. 20172016 Net sales $360,000$320,000 Cost of goods sold 210,000180,000 Operating expenses 112,000100,000 Net income 38,00040,000\begin{array}{lrr}&2017&2016\\\text { Net sales } & \$ 360,000 & \$ 320,000 \\\text { Cost of goods sold } & 210,000 & 180,000 \\\text { Operating expenses } & 112,000 & 100,000 \\\text { Net income } & 38,000 & 40,000\end{array} Net sales Cost of goods sold Operating expenses Net income 2017$360,000210,000112,00038,0002016$320,000180,000100,00040,000
On Jul 13, 2024