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Exercise 13-4 Operating data for Grouper Corp. are presented below. ...

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Accounting

Exercise 13-4

Operating data for Grouper Corp. are presented below.

2017

2016
Sales revenue $842,800 $645,500
Cost of goods sold 529,300 411,200
Selling expenses 124,400 79,500
Administrative expenses 79,500 50,100
Income tax expense 36,000 27,500
Net income 73,600 77,200

Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)

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