Operating data for Lewis Corporation are presented below. $$\begin{array} { l r }
&{ 2017 } \
\text { Net sales } & \$ 500,000 \
\text { Cost of goods sold } & 310,000 \
\text { Operating expenses } & 120,000 \
\text { Net income } & 70,000
\end{array}$$ Instructions
Prepare a schedule showing a vertical analysis for 2017.

Question

Operating data for Lewis Corporation are presented below. $$\begin{array} { l r } 
&{ 2017 } \
\text { Net sales } & \$ 500,000 \
\text { Cost of goods sold } & 310,000 \
\text { Operating expenses } & 120,000 \
\text { Net income } & 70,000
\end{array}$$ Instructions
Prepare a schedule showing a vertical analysis for 2017.

Quizplus · Accepted Answer

The Answer of Operating data for Lewis Corporation are presented below. $$\begin{array} { l r } 
&{ 2017 } \
\text { Net sales } & \$ 500,000 \
\text { Cost of goods sold } & 310,000 \
\text { Operating expenses } & 120,000 \
\text { Net income } & 70,000
\end{array}$$ Instructions
Prepare a schedule showing a vertical analysis for 2017.

Operating Data for Lewis Corporation Are Presented Below Instructions Prepare a Schedule Showing a Vertical Analysis for 2017

Operating Data for Lewis Corporation Are Presented Below Instructions
Prepare a Schedule Showing a Vertical Analysis for 2017