20 Mar Operating data for Gallup Corporation are presente
Operating data for Gallup Corporation are presented below. 2012 2011 Sales 750,000 600,000 Cost of goods sold 465,000 390,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 54,000 Income tax expense 33,000 24,000 Net income $72,000 $60,000 Complete the schedule showing a vertical analysis for 2012 and 2011. (List amounts from largest to smallest e.g. 10, 5, 3, 2. Round percentages to 1 decimal place, e.g. 10.5. Enter all amounts as positive amounts and subtract where necessary.)
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