The following income statement was prepared by Cohen Company for 2012: 
Required:
Perform vertical analysis for Cohen Company's 2012 income statement.
Definitions:
Assets Turnover Ratio
A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.
Inventory Turnover
A measure of how frequently a company sells and replaces its stock of goods within a given period, indicating efficiency in inventory management.
Average Inventory
The mean amount of stock held by a company over a certain period, used to manage inventory levels efficiently.
Sales
The activities involved in selling goods or services to customers.
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