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Operating Data for Lewis Corporation Are Presented Below Instructions
Prepare a Schedule Showing a Vertical Analysis for 2017

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Operating data for Lewis Corporation are presented below. 2017 Net sales $500,000 Cost of goods sold 310,000 Operating expenses 120,000 Net income 70,000\begin{array} { l r } &{ 2017 } \\\text { Net sales } & \$ 500,000 \\\text { Cost of goods sold } & 310,000 \\\text { Operating expenses } & 120,000 \\\text { Net income } & 70,000\end{array} Instructions
Prepare a schedule showing a vertical analysis for 2017.

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