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The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required:...

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Accounting

The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. Note: Round your percentage answers to 1 decimal place. Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income Income Statements For the Years Ended December 31 2025 $ FEDERER SPORTS APPAREL SA Amount 20,200 13,270 6,930 1,740 1,140 340 1,570 2,140 485 1,655 % 100.0 $ GA $ Amount 2024 16,200 7,436 8,764 1,361 1,166 0 275 5,962 2,203 3,758 % 100.0
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The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024 . Note: Round your percentage answers to 1 decimal place

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