Operating data for Gallup Corporation are presented below.
|
|
2009
|
2008
|
|
Sales
|
$750,000
|
$600,000
|
|
Cost of Goods Sold
|
465000
|
390000
|
|
Selling Expenses
|
120000
|
72000
|
|
Administrative Expenses
|
60000
|
54000
|
|
Income Tax Expense
|
33000
|
24000
|
|
Net Income
|
72000
|
60000
|
Prepare a schedule showing a vertical analysis for 2009 and 2008.