The income statements for Federer Sports Apparel for 2019 an

The income statements for Federer Sports Apparel for 2019 and 2018 are presented below. Required: Prepare a vertical analysis of the data for 2019 and 2018. (Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2019 2018 Amount Amount 15,500,000 7,000,000 8,500,000 1,200,000 1,000,000 Net sales 18,800,000 13,200,000 5,600,000 1,600,000 1,000,000 200,000 1,500,000 Income before1,300,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write- down Loss (litigation) 1 0 300,000 6,000,000 Hints References eBook & Resources Hint #1 Check my work

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Answer

federer sports apparel

income statement for the years ended december 31

	2019	2019	2018	2018
particulars	amount	%	amount	%
Net sales	18800000	100	15500000	100
cost of goods sold	13200000	70.2	7000000	45.2
gross profit	5600000	29.8	8500000	54.8
operating expenses	1600000	8.5	1200000	7.7
depreciation expense	1000000	5.3	1000000	6..5
inventory writedown	200000	1.1	0	0.0
loss (litigation )	1500000	8.0	300000	1.9
income before tax	1300000	6.9	6000000	38.7