operating data for gladow corporation are presented below 535503
Operating data for Gladow Corporation are presented below.
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operating data for gladow corporation are presented below 535503
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|
2012 |
2011 |
|
|
Sales |
$800,000 |
$600,000 |
|
Cost of goods sold |
520,000 |
408,000 |
|
Selling expenses |
120,000 |
72,000 |
|
Administrative expenses |
60,000 |
48,000 |
|
Income tax expense |
30,000 |
24,000 |
|
Net income |
70,000 |
48,000 |
Instructions
Prepare a schedule showing a vertical analysis for 2012 and 2011.
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