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Prepare a Vertical Analysis.

Prepare a Vertical Analysis.

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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Prepare a Vertical Analysis.

Net Sales Cost of Good Sold Gross Profit Selling and administrative expense Operating Income Interest expense Income before income taxes Income tax expense Net income FIDAS MERCHANDISING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2021 and 20 2021 $2,213,300 1,032,100 1,181,200 889,200 P292,000 90,900 201,100 60,300 P140.800 PERCENTAGE 100.00% 46.63% 53.37% 40.18% 13.19% 4.11% 9.09% 2.72% 6.36%
Transcribed Image Text:Net Sales Cost of Good Sold Gross Profit Selling and administrative expense Operating Income Interest expense Income before income taxes Income tax expense Net income FIDAS MERCHANDISING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2021 and 20 2021 $2,213,300 1,032,100 1,181,200 889,200 P292,000 90,900 201,100 60,300 P140.800 PERCENTAGE 100.00% 46.63% 53.37% 40.18% 13.19% 4.11% 9.09% 2.72% 6.36%
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