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Operating data for Bramble Corp. are as follows. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $860,000 520,300 123,840 65,360 33,540 116,960 2021 Amount $550,000 385,550 59,950 48,950 20,350 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%) BRAMBLE CORP. Condensed Income Statement 2022 Percent Amount 2021 Percent

Operating data for Bramble Corp. are as follows. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $860,000 520,300 123,840 65,360 33,540 116,960 2021 Amount $550,000 385,550 59,950 48,950 20,350 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%) BRAMBLE CORP. Condensed Income Statement 2022 Percent Amount 2021 Percent

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 Bramble Corp. are as follows. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $860,000 520,300 123,840 65,360 33,540 116,960 2021 Amount $550,000 385,550 59,950 48,950 20,350 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%) BRAMBLE CORP. Condensed Income Statement 2022 Percent Amount 2021 Percent
Transcribed Image Text:Operating data for Bramble Corp. are as follows. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $860,000 520,300 123,840 65,360 33,540 116,960 2021 Amount $550,000 385,550 59,950 48,950 20,350 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%) BRAMBLE CORP. Condensed Income Statement 2022 Percent Amount 2021 Percent
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