Search here for Tutorials

If the Data is different in your question, please send your questions to homeworksolutionsnow@gmail.com. The questions will be answered at the same price.

Sanchez Company reported the following operating results for two consecutive years. Vertical Analysis

Sanchez Company reported the following operating results for two consecutive years.

Vertical Analysis

Sanchez Company reported the following operating results for two consecutive years.

Sales                            $500,000
Cost of Goods Sold       $320,000
Gross Margin                $180,000
Operating Expenses      $100,000
Income before Taxes    $80,000
Income taxes                $24,000
Net Income                  $56,000

2005                            Amount                        % of Sales
Sales                             $480,000
Cost of Goods Sold        $307,000
Gross Margin                $173,000
Operating Expenses       $120,000
Income before Taxes     $53,000
Income Taxes               $16,000
Net Income                   $37,000


Express each income statement component for each of the 2 years as a % of sales.
                                                     CLICK HERE FOR SOLUTION