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Operating Data for Manning Corporation Are Presented Below Instructions
Prepare a Schedule Showing a Vertical Analysis for 2014

question 20

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Operating data for Manning Corporation are presented below. 2014 Net sales $600,000 Cost of goods sold 320,000 Operating expenses 130,000 Net income 150,000\begin{array}{lr}&2014\\\text { Net sales } & \$ 600,000 \\\text { Cost of goods sold } & 320,000 \\\text { Operating expenses } & 130,000 \\\text { Net income } & 150,000\end{array} Instructions
Prepare a schedule showing a vertical analysis for 2014.


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