Exercise 14-2A (Algo) Vertical analysis LO 14-1 Walton Company reported the following operating results for two consecutive years. Required Compute each income statement component for each of the two years as a percent of sales Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income WALION COMPANY Vertical Analysis of Income Statemente Patice intage of Salg for Yost 1 % $ S Yard 999.500 549,725 449,775 129,300 320 475 80,900 239.575 $ Your 3 1,079,500 598,400 481,100 150,000 331,100 80,400 250,700 Parcentage of Sales dot Year 3
Exercise 14-2A (Algo) Vertical analysis LO 14-1 Walton Company reported the following operating results for two consecutive years. Required Compute each income statement component for each of the two years as a percent of sales Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income WALION COMPANY Vertical Analysis of Income Statemente Patice intage of Salg for Yost 1 % $ S Yard 999.500 549,725 449,775 129,300 320 475 80,900 239.575 $ Your 3 1,079,500 598,400 481,100 150,000 331,100 80,400 250,700 Parcentage of Sales dot Year 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 14-2A (Algo) Vertical analysis LO 14-1
Walton Company reported the following operating results for two consecutive years
Required
Compute each income statement component for each of the two years as a percent of sales
Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as
23.4).
Sales
Cost of goods sold
Gross margin on sales
Operating expenses
Income before taxes
Income taxes
Net income
VALTON COMPANY
Vertical Analysis of Income Statement-
Yard
Porcentage of Salg:
for Youtd
1%
$
S
999.500
549,725
449,775
129,300
320 475
80,900
239,575
%
$
$
Your 3
1,079,500
598,400
461,100
150,000
331,100
80,400
250,700
Parcentage of
Saldsdot Year 3
%
%
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