Operating data for Gallup Corporation are presented below.
|
2012 |
2011 |
|
|
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 |
Complete the schedule showing a vertical analysis for 2012 and 2011. (List amounts from largest to smallest e.g. 10, 5, 3, 2. Round percentages to 1 decimal place, e.g. 10.5. Enter all amounts as positive amounts and subtract where necessary.)