Operating data for Gallup Corporation are presented below.

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Operating data for Gallup Corporation are presented below.                       

             2012    2011

 Sales    750,000           600,000

 Cost of goods sold      465,000           390,000

 Selling expenses          120,000           72,000

 Administrative expenses         60,000             54,000

 Income tax expense    33,000             24,000

 Net income      $72,000           $60,000

                       

Complete the schedule showing a vertical analysis for 2012 and 2011. 

    • 13 years ago
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