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After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places. Here is the operating data for Yalis Cleaning, Inc.:                                            2021 2020 Service revenue         $523,000 $476,000 Operating expenses     385,500 319,800 Income tax expense       34,375 39,050 Net income                 $103,125 $117,150

After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places. Here is the operating data for Yalis Cleaning, Inc.:                                            2021 2020 Service revenue         $523,000 $476,000 Operating expenses     385,500 319,800 Income tax expense       34,375 39,050 Net income                 $103,125 $117,150

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places.

Here is the operating data for Yalis Cleaning, Inc.:
                                           2021 2020
Service revenue         $523,000 $476,000
Operating expenses     385,500 319,800
Income tax expense       34,375 39,050
Net income                 $103,125 $117,150

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