XACC 280 E15-2 (E15-2) Operating data for Gallup Corporation are presented below

XACC 280 E15-2 (E15-2) Operating data for Gallup Corporation are presented below

XACC 280 Financial Accounting (6th ed.)

Axia College of University of Phoenix (UoP)

Principles of Accounting: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008).. Hoboken, NJ: Wiley.

E15-2 (E15-2) Operating data for Gallup Corporation are presented below.

                                         2009             2008

Sales                                 $750,000      $600,000

Cost of goods sold            465,000        390,000

Selling expenses                120,000        72,000

Administrative expenses    60,000           54,000

Income tax expense          33,000           24,000

Net income                       72,000           60,000

Instructions

Prepare a schedule showing a vertical analysis for 2009 and 2008.

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