Here are the comparative income statements of Carla VistaCorporation.CARLA VISTA CORPORATIONComparative Income Statement...

Here are the comparative income statements of Carla Vista Corporation.

CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31

	2022	2021
Net sales	$610,300	$540,600
Cost of goods sold	448,800	426,200
Gross Profit	161,500	114,400
Operating expenses	76,400	48,100
Net income	$ 85,100	$ 66,300

Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)

CARLA VISTA CORPORATION Condensed Income Statements choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31
	2022			2021
	$	Percent		$	Percent
Net sales	$610,300	enter percentages rounded to 1 decimal place	%	$540,600	enter percentages rounded to 1 decimal place	%
Cost of goods sold	448,800	enter percentages rounded to 1 decimal place	%	426,200	enter percentages rounded to 1 decimal place	%
Gross Profit	161,500	enter percentages rounded to 1 decimal place	%	114,400	enter percentages rounded to 1 decimal place	%
Operating expenses	76,400	enter percentages rounded to 1 decimal place	%	48,100	enter percentages rounded to 1 decimal place	%
Net income	$ 85,100	enter percentages rounded to 1 decimal place	%	$ 66,300	enter percentages rounded to 1 decimal place	%

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Expert Solution

CARLA VISTA CORPORATION
Condensed Income Statements

For the Years Ended December 31

2022 2021

Pariculars Amount($) Percent Amount ($) Percent

Net Sales 610,300 100% 540,600 100%

Cost of Goods Sold 448,800 73.5% 426,200 78.8%

Gross Profit 161,500 26.5% 114,400 21.2%

Operating Expenses 76,400 12.5% 48,100 8.9%

Net Income 85,100 13.9% 66,300 12.3%

ekkarill92 answered 2 years ago

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