Operating data for Bramble Corp. are presented below. 2017 2016 Prepare a schedu
ID: 2532054 • Letter: O
Question
Operating data for Bramble Corp. are presented below.
2017
2016
Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)
2017
2016
Amount
Percent
Amount
Percent
Sales
$827,200
%
$626,800
%
Cost of goods sold
529,100
%
412,600
%
Gross profit
298,100
%
214,200
%
Selling expenses
121,800
%
73,700
%
Administrative expenses
73,200
%
50,000
%
Total operating expenses
195,000
%
123,700
%
Income before income taxes
103,100
%
90,500
%
Income tax expense
33,400
%
27,100
%
Net income
$ 69,700
%
$ 63,400
%
2017
2016
Sales revenue $827,200 $626,800 Cost of goods sold 529,100 412,600 Selling expenses 121,800 73,700 Administrative expenses 73,200 50,000 Income tax expense 33,400 27,100 Net income 69,700 63,400Explanation / Answer
Vertical analysis :
2017 2016 Amount Percent Amount Percent Saels 827200 100% 626800 100% Cost of goods sold 529100 64% 412600 65.8% Gross profit 298100 36.0% 214200 34.2% Selling expense 121800 14.7% 73700 11.8% Administrative expense 73200 8.8% 50000 8.0% Total operating expense 195000 23.6% 123700 19.7% Income before taxes 103100 12.5% 90500 14.4% Income tax expense 33400 4.0% 27100 4.3% Net income 69700 8.4% 63400 10.1%Related Questions
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