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Operating data for Cullumber Corporation are presented as follows. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Net Sales Cost of Goods Sold Gross Profit Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, eg 12.1%) CULLUMBER CORPORATION Condensed Income Statements December 31 Selling Expenses Administrative Expenses Total Operating Expenses 2025 Income Before Im T $850,500 529,000 121,800 73,300 33.000 93,400 2024 > $643,000 409,600 75,900 50,700 23,500 83,300 Amount 850500 2025 Percent % % Amount

Operating data for Cullumber Corporation are presented as follows. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Net Sales Cost of Goods Sold Gross Profit Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, eg 12.1%) CULLUMBER CORPORATION Condensed Income Statements December 31 Selling Expenses Administrative Expenses Total Operating Expenses 2025 Income Before Im T $850,500 529,000 121,800 73,300 33.000 93,400 2024 > $643,000 409,600 75,900 50,700 23,500 83,300 Amount 850500 2025 Percent % % Amount

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 Cullumber Corporation are presented as follows. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Net Sales Cost of Goods Sold Gross Profit Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, eg. 12.1%) CULLUMBER CORPORATION Condensed Income Statements December 31 Selling Expenses Administrative Expenses Total Operating Expenses 2025 $850,500 529,000 121,800 Income Before I Te 73,300 33,000 93,400 > 2024 > $643,000 409,600 75,900 50,700 23,500 83,300 Amount 850500 2025 Percent % % Amount
Transcribed Image Text:Operating data for Cullumber Corporation are presented as follows. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Net Sales Cost of Goods Sold Gross Profit Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, eg. 12.1%) CULLUMBER CORPORATION Condensed Income Statements December 31 Selling Expenses Administrative Expenses Total Operating Expenses 2025 $850,500 529,000 121,800 Income Before I Te 73,300 33,000 93,400 > 2024 > $643,000 409,600 75,900 50,700 23,500 83,300 Amount 850500 2025 Percent % % Amount
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