Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ $ Amount 18,200,000 13,431,600 4,768,400 1,437,800 855,400 91,000 1,346,800 1,037,400 327,600 709,800 % $ $ Amount 2024 14,900,000 6,645,400 8,254,600 1,057,900 879,100 0 268,200 6,049,400 1,832,700 4,216,700 %

Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ $ Amount 18,200,000 13,431,600 4,768,400 1,437,800 855,400 91,000 1,346,800 1,037,400 327,600 709,800 % $ $ Amount 2024 14,900,000 6,645,400 8,254,600 1,057,900 879,100 0 268,200 6,049,400 1,832,700 4,216,700 %

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.2.2P

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