Operating data for Robinson Corporation are presented below.
|
2010 |
2009 |
|
|
Sales |
$800,000 |
$600,000 |
|
Cost of goods sold |
520,000 |
408,000 |
|
Selling expenses |
120,000 |
72,000 |
|
Administrative expenses |
72,000 |
48,000 |
|
Income tax expense |
32,000 |
21,600 |
|
Net income |
56,000 |
50,400 |
Instructions
Prepare a schedule showing a vertical analysis for 2010 and 2009.