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  • Vertical Analysis

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    Khris Espinili Algara
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    ABC Corporation's income statement for the year ended 201B shows sales of 20,941 peso with a gross profit of 13,886 peso after deducting cost of goods sold. Operating expenses were 7,065 peso, leaving income from operations of 6,821 peso. After deducting interest expense and income tax, ABC Corporation's net income for the year was 4,048 peso, which was 19.33% of total sales.

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    business management

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    ABC Corporation's income statement for the year ended 201B shows sales of 20,941 peso with a gross profit of 13,886 peso after deducting cost of goods sold. Operating expenses were 7,065 peso, leaving income from operations of 6,821 peso. After deducting interest expense and income tax, ABC Corporation's net income for the year was 4,048 peso, which was 19.33% of total sales.

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    102 views1 page

    Vertical Analysis

    Uploaded by

    Khris Espinili Algara
    ABC Corporation's income statement for the year ended 201B shows sales of 20,941 peso with a gross profit of 13,886 peso after deducting cost of goods sold. Operating expenses were 7,065 peso, leaving income from operations of 6,821 peso. After deducting interest expense and income tax, ABC Corporation's net income for the year was 4,048 peso, which was 19.33% of total sales.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Practice Exercise

    ABC Corporation
    Income Statement
    For the Year Ended 201B (in peso)
    Vertical Analysis

    201B Percentage
    Sales 20941 100 %
    Less: Cost of goods sold 7055 33.69%
    Gross Profit 13886 66.31%
    Less: Operating expenses 7065 33.74%
    Income from operations
    6821 32.57%
    Less: Interest expense 210 1%
    Income before taxes
    6611 31.57%
    Less: Income tax 2563 12.24%
    Net Income
    4048 19.33%

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