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Prepare a vertical analysis of the income statement below: (round to one decimal place) Revenues Wage expense Rent expense Utilities expense Depreciation expense Supply expense Insurance expense Miscellaneous expense Net income Murphy Holdings Income Statement For the period ending June 30, 2023 $182,100 49,200 25,575 18,500 13,000 3,000 600 3,250 $68,975

Prepare a vertical analysis of the income statement below: (round to one decimal place) Revenues Wage expense Rent expense Utilities expense Depreciation expense Supply expense Insurance expense Miscellaneous expense Net income Murphy Holdings Income Statement For the period ending June 30, 2023 $182,100 49,200 25,575 18,500 13,000 3,000 600 3,250 $68,975

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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H1.

Prepare a vertical analysis of the income statement below: (round to one decimal place)

 

Murphy Holdings

Income Statement

For the period ending June 30, 2023

 

Revenues   $182,100

Wage Expense      49,200

Rent Expense   25,575

Utilities Expense   18,500

Depreciation Expense   13,000

Supply Expense   3,000

Insurance Expense   600

Miscellaneous expense 3,250

Net Income   $68,975 

 

Question 2 Prepare a vertical analysis of the income statement below: (round to one decimal place) Revenues Wage expense Rent expense Utilities expense Depreciation expense Supply expense Insurance expense Miscellaneous expense Net income Murphy Holdings Income Statement For the period ending June 30, 2023 $182,100 49,200 25,575 18,500 13,000 3,000 600 3,250 $68,975
Transcribed Image Text:Question 2 Prepare a vertical analysis of the income statement below: (round to one decimal place) Revenues Wage expense Rent expense Utilities expense Depreciation expense Supply expense Insurance expense Miscellaneous expense Net income Murphy Holdings Income Statement For the period ending June 30, 2023 $182,100 49,200 25,575 18,500 13,000 3,000 600 3,250 $68,975
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