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Operating data for Azam Corporation are presented below                                                                  2018 2017 Net Sales Rs. 750,000 Rs. 600,000 Cost of Goods Sold     480,000       408,000 Selling Expenses      105,000        84,000 Administrative Expense        75,000        54,000 Income Tax Expense        36,000        18,000 Net Income        54,000         36,000 Required: Prepare a schedule showing a vertical analysis for 2018 and 2017

Operating data for Azam Corporation are presented below                                                                  2018 2017 Net Sales Rs. 750,000 Rs. 600,000 Cost of Goods Sold     480,000       408,000 Selling Expenses      105,000        84,000 Administrative Expense        75,000        54,000 Income Tax Expense        36,000        18,000 Net Income        54,000         36,000 Required: Prepare a schedule showing a vertical analysis for 2018 and 2017

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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Operating data for Azam Corporation are presented below                                                               

 

2018

2017

Net Sales

Rs. 750,000

Rs. 600,000

Cost of Goods Sold

    480,000

      408,000

Selling Expenses

     105,000

       84,000

Administrative Expense

       75,000

       54,000

Income Tax Expense

       36,000

       18,000

Net Income

       54,000

        36,000

Required: Prepare a schedule showing a vertical analysis for 2018 and 2017

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