Question

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	%

 

Answer 1

  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%