Operating data for jacobs corporation are presented below

Question

Problem

Operating data for Jacobs Corporation are presented below.

                                  2014               2013

Sale Revenue             $800,000         $600,000

COGS                        $520,000        $408,000

Selling Expenses         $120,000       $72,000

Adminstrative expenses $60,000       $48,000

Income Tax Expenses   $30,000        $24,000

Net Income                   $70,000       $48,000

Instructions:

Prepare a schedule showing a vertical analysis for Jacobs Corporation.