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Prepare a vertical analysis of the income statement for 2022. (Round percentage values to 1 decimol place, eg. 52.7%. Enter negotive amounts using either a negative sign preceding the number eg-45% or parentheses eg. (45) Sales WATERWAYS CORPORATION-INSTALLATION DIVISION Income Statement Amount $5,539,071 Percent %

Prepare a vertical analysis of the income statement for 2022. (Round percentage values to 1 decimol place, eg. 52.7%. Enter negotive amounts using either a negative sign preceding the number eg-45% or parentheses eg. (45) Sales WATERWAYS CORPORATION-INSTALLATION DIVISION Income Statement Amount $5,539,071 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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Gain on disposal of plant assets Other expenses Interest expense Income before income tax Income tax expense Net income 18,300 (12,200) 1,281,571 384,471 $897.100 % de se ** % % % %
Transcribed Image Text:Gain on disposal of plant assets Other expenses Interest expense Income before income tax Income tax expense Net income 18,300 (12,200) 1,281,571 384,471 $897.100 % de se ** % % % %
Prepare a vertical analysis of the income statement for 2022. (Round percentage values to 1 decimol place, eg. 52.7%. Enter negative amounts using either a negative sign preceding the number es-45% or parentheses g. (45%) Sales Less: Cost of goods sold Gross profit Operating expenses Advertising Insurance WATERWAYS CORPORATION-INSTALLATION DIVISION Income Statement Salaries and wages Depreciation Other operating expenses Total operating expenses Income from operations Other income Amount $5,539,071 3,141.800 2,397.271 50.000 397,300 580,400 73.100 21.000 1121,800 1,275,471 Percent % % % % %
Transcribed Image Text:Prepare a vertical analysis of the income statement for 2022. (Round percentage values to 1 decimol place, eg. 52.7%. Enter negative amounts using either a negative sign preceding the number es-45% or parentheses g. (45%) Sales Less: Cost of goods sold Gross profit Operating expenses Advertising Insurance WATERWAYS CORPORATION-INSTALLATION DIVISION Income Statement Salaries and wages Depreciation Other operating expenses Total operating expenses Income from operations Other income Amount $5,539,071 3,141.800 2,397.271 50.000 397,300 580,400 73.100 21.000 1121,800 1,275,471 Percent % % % % %
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