(b) Prepare a vertical analysis of the income statement data for Oriole Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) ORIOLE CORPORATION Condensed Income Statements choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 2022 2021 $ Percent $ Percent Net sales $632,300 enter percentages rounded to 1 decimal place % $544,800 enter percentages rounded to 1 decimal place % Cost of goods sold 456,600 enter percentages rounded to 1 decimal place % 415,500 enter percentages rounded to 1 decimal place % Gross Profit 175,700 enter percentages rounded to 1 decimal place % 129,300 enter percentages rounded to 1 decimal place % Operating expenses 74,100 enter percentages rounded to 1 decimal place % 44,500 enter percentages rounded to 1 decimal place % Net income $ 101,600 enter percentages rounded to 1 decimal place % $ 84,800 enter percentages rounded to 1 decimal place
(b) Prepare a vertical analysis of the income statement data for Oriole Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) ORIOLE CORPORATION Condensed Income Statements choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 2022 2021 $ Percent $ Percent Net sales $632,300 enter percentages rounded to 1 decimal place % $544,800 enter percentages rounded to 1 decimal place % Cost of goods sold 456,600 enter percentages rounded to 1 decimal place % 415,500 enter percentages rounded to 1 decimal place % Gross Profit 175,700 enter percentages rounded to 1 decimal place % 129,300 enter percentages rounded to 1 decimal place % Operating expenses 74,100 enter percentages rounded to 1 decimal place % 44,500 enter percentages rounded to 1 decimal place % Net income $ 101,600 enter percentages rounded to 1 decimal place % $ 84,800 enter percentages rounded to 1 decimal place
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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(b)
Prepare a vertical analysis of the income statement data for Oriole Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)
Prepare a vertical analysis of the income statement data for Oriole Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)
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ORIOLE CORPORATION
Condensed Income Statements choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 |
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|---|---|---|---|---|---|---|---|---|---|
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2022
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2021
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$
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Percent
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$
|
Percent
|
||||||
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Net sales
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$632,300
|
enter percentages rounded to 1 decimal place
|
%
|
$544,800
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Cost of goods sold
|
456,600
|
enter percentages rounded to 1 decimal place
|
%
|
415,500
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Gross Profit
|
175,700
|
enter percentages rounded to 1 decimal place
|
%
|
129,300
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Operating expenses
|
74,100
|
enter percentages rounded to 1 decimal place
|
%
|
44,500
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Net income
|
$ 101,600
|
enter percentages rounded to 1 decimal place
|
%
|
$ 84,800
|
enter percentages rounded to 1 decimal place
|
% |
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