Chapter 14, Problem 14.2E

Operating data for Navarro Corporation are presented below.

	2017	2016
Net sales	$750,000	$600,000
Cost of goods sold	465,000	390,000
Selling expenses	105,000	66,000
Administrative expenses	60,000	54,000
Income tax expense	36,000	27,000
Net income	84,000	63,000

Instructions

Prepare a schedule showing a vertical analysis for 2017 and 2016.