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Jordan Company reported the following operating results for two consecutive years: Required Compute each income...

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Jordan Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) Percentage of Sales % Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income JORDAN COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales $ 996,500 % $ 1,075,000 548,075 600,400 448,425 474,600 130,600 150,200 317,825 324,400 79,500 82,200 $ 238,325 % $ 242,200 %

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