Here are comparative financial statement data for Bonita Company and Amy Company, two competitors. All data are as of December 31, 2022, and December 31, 2021 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Bonita Company 2022 $1,836,000 1.099,764 297,388 269,892 78,260 9.180 3.913 55,080 6,149 326,000 $310,000 82,900 $78,900 519,600 500,000 140,100 65.200 75,000 34,000 107,000 90.000 30,000 495,000 495.000 178,400 2021 Amy Company 2022 2021 $559,000 124,200 32.000 24,200 115,000 115,000 150,000 44,000 31,900 Dollars Prepare a vertical analysis of the 2022 income statement data for Bonita Company and Amy Company. (Round percentages to 1 decimal place, eg 12.1%) Condensed Income Statement Bonita Company Percent Dollars

Here are comparative financial statement data for Bonita Company and Amy Company, two competitors. All data are as of December 31, 2022, and December 31, 2021 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Bonita Company 2022 $1,836,000 1.099,764 297,388 269,892 78,260 9.180 3.913 55,080 6,149 326,000 $310,000 82,900 $78,900 519,600 500,000 140,100 65.200 75,000 34,000 107,000 90.000 30,000 495,000 495.000 178,400 2021 Amy Company 2022 2021 $559,000 124,200 32.000 24,200 115,000 115,000 150,000 44,000 31,900 Dollars Prepare a vertical analysis of the 2022 income statement data for Bonita Company and Amy Company. (Round percentages to 1 decimal place, eg 12.1%) Condensed Income Statement Bonita Company Percent Dollars

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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