Softex and Sanibel Solutions are manufacturers of cotton products. Their abbreviated income statements for a recent year follow: Softex Sanibel Solutions Revenues $2,456,000 $1,985,000 Cost of services (expense) (1,375,360) (1,046,000) Selling, general, and administrative expenses (785,920) (592,500) Depreciation and other expenses (103,500) (119,100) Net income $191,220 $227,400 A Complete vertical analyses for the two companies. If required, round your percentages to one decimal place. Do not enter the percent sign. Revenues Cost of services (expense) Selling, general, and administrative expenses Depreciation and other expenses Net income Income Statements Softex Amount $2,456,000 (1,375,360) (785,920) (103,500) $191,220 Softex Percent M 1% % P% %% Sanibel Solutions Sanibel Solutions Amount $1,985,000 (1,046,000) (592,500) (119,100) $227,400 Percent P

Softex and Sanibel Solutions are manufacturers of cotton products. Their abbreviated income statements for a recent year follow: Softex Sanibel Solutions Revenues $2,456,000 $1,985,000 Cost of services (expense) (1,375,360) (1,046,000) Selling, general, and administrative expenses (785,920) (592,500) Depreciation and other expenses (103,500) (119,100) Net income $191,220 $227,400 A Complete vertical analyses for the two companies. If required, round your percentages to one decimal place. Do not enter the percent sign. Revenues Cost of services (expense) Selling, general, and administrative expenses Depreciation and other expenses Net income Income Statements Softex Amount $2,456,000 (1,375,360) (785,920) (103,500) $191,220 Softex Percent M 1% % P% %% Sanibel Solutions Sanibel Solutions Amount $1,985,000 (1,046,000) (592,500) (119,100) $227,400 Percent P

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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