Business, 13.04.2021 01:20 Anne4912

Operating data for Sheffield Corp. are presented below. 2020 2019
Sales revenue $720,000 $600,000
Cost of goods sold 501,120 424,200
Selling expenses 111,600 75,000
Administrative expenses 59,040 43,800
Income tax expense 28,800 24,600
Net income 19,440 32,400

Required:
Prepare a schedule showing a vertical analysis for 2020 and 2019.

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Operating data for Sheffield Corp. are presented below. 2020 2019
Sales revenue $720,000 $60...

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