What is the vertical analysis percentage for net income


Question: Jones Company reports the following financial information for the current year: Net Sales $ 30,000 Cost of Goods Sold 9,000 Gross Profit 21,000 Operating Expenses 6,000 Operating Income 15,000 Interest Expense 300 Income Before Income Taxes 14,700 Income Tax Expense 2,400 Net Income $12,300 What is the vertical analysis percentage for Net Income?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the vertical analysis percentage for net income
Reference No:- TGS03425140

Expected delivery within 24 Hours