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3 years ago

Operating data for Bramble Corp. are presented below.

Business

1 answer:

Soloha48 [4]3 years ago

4 0

Answer:

Explanation:

Vertical analysis of financial statement entails the expression of each line of the financial statement as a percentage of a base figure for analysis and evaluation purpose.

In this case , the sales revenue is used as the base figure

Vertical analysis of Bramble corp . Income statement for 2020 / 2019

Item 2020 % 2019 %

Sales revenue 730,000 100 650,000 100

Cost of goods 480,340 65.8 473,850 72.9

Gross profit 249,660 34.2 176,150 27.1

Selling expenses 105,850 14.5 84,500 13.0

Admin Expenses 50,370 6.9 52,000 8

Operating Expenses 156,220 21.4 136,500 21

Income before tax 93,440 12.8 39,650 6.1

Income tax Expenses 29,930 4.1 26,650 4.1

Net Income 63,510 8.7 13,000 2

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pashok25 [27]

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Answer:

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