Using the Following Operating Data for Complex Corporation Prepare a Schedule

Essay

Using the following operating data for Complex Corporation prepare a schedule showing a vertical analysis for 2017. $\begin{array}{lrr}&2017&2016\\\text { Net sales } & \$ 360,000 & \$ 320,000 \\\text { Cost of goods sold } & 210,000 & 180,000 \\\text { Operating expenses } & 112,000 & 100,000 \\\text { Net income } & 38,000 & 40,000\end{array}$