Business, 09.09.2019 20:30 sparkyjones02

Operating data for swifty corporation are presented below. 2017 2016 sales revenue $830,700 $634,900 cost of goods sold 529,000 415,000 selling expenses 124,700 73,600 administrative expenses 78,800 53,900 income tax expense 33,500 23,400 net income 64,700 69,000 prepare a schedule showing a vertical analysis for 2017 and 2016. (round percentages to 1 decimal place, e. g. 12.1%.) swifty corporation condensed income statement 2017 2016 amount percent amount percent sales $830,700 % $634,900 % cost of goods sold 529,000 % 415,000 % gross profit 301,700 % 219,900 % selling expenses 124,700 % 73,600 % administrative expenses 78,800 % 53,900 % total operating expenses 203,500 % 127,500 % income before income taxes 98,200 % 92,400 % income tax expense 33,500 % 23,400 % net income $ 64,700 % $ 69,000 %

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Operating data for swifty corporation are presented below. 2017 2016 sales revenue $830,700 $634,900...

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