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    Operating data for Gallup Corporation: Vertical Analysis

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    2009 2008
    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

    Instructions

    Prepare a schedule showing a vertical analysis for 2009 and 2008.

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    https://brainmass.com/business/accounting/operating-data-gallup-corporation-vertical-analysis-319518

    Solution Summary

    The solution determines the vertical analysis.

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