After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places. Here is the operating data for Yalis Cleaning, Inc.: 2021 2020 Service revenue $523,000 $476,000 Operating expenses 385,500 319,800 Income tax expense 34,375 39,050 Net income $103,125 $117,150
After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places. Here is the operating data for Yalis Cleaning, Inc.: 2021 2020 Service revenue $523,000 $476,000 Operating expenses 385,500 319,800 Income tax expense 34,375 39,050 Net income $103,125 $117,150
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places.
Here is the operating data for Yalis Cleaning, Inc.:
2021 2020
Service revenue $523,000 $476,000
Operating expenses 385,500 319,800
Income tax expense 34,375 39,050
Net income $103,125 $117,150
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