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Homework answers / question archive / Exercise 14-4 Operating data for Joshua Corporation are presented below

Exercise 14-4 Operating data for Joshua Corporation are presented below

Accounting

Exercise 14-4

Operating data for Joshua Corporation are presented below.
 
   
2020
 
2019
Sales revenue   $755,000   $600,000
Cost of goods sold   463,570   391,800
Selling expenses   123,820   76,800
Administrative expenses   58,890   55,800
Income tax expense   31,710   23,400
Net income   77,010   52,200

Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.)

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