A comparative income statement follows for Martine Ltd. of Montreal:   MARTINE LTD. Comparative Income Statement For the Years Ended October 31, Year 1 and Year 2   Year 2 Year 1 Sales $ 8,050,000   $ 6,050,000   Less: Cost of goods sold   5,095,650     3,605,800   Gross margin   2,954,350     2,444,200   Less: Operating expenses:             Selling expenses   1,529,500     1,131,350   Administrative expenses   756,700     726,000   Total expenses   2,286,200     1,857,350   Net operating income   668,150     586,850   Less: Interest expense   136,850     114,950   Net income before taxes $ 531,300   $ 471,900       Members of the company's board of directors are surprised to see that net income increased by only $59,400 when sales increased by $2,000,000.   Required: 1. Express each year’s income statement in common-size percentages. (Round your answers to 1 decimal place.)

Vertical Analysis Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $298,000 104,300 193,700 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $298,000 Cost of goods sold 104,300 Gross profit $193,700 % %

Revenue and expense data for Young Technologies Inc. are as follows:   Year 2 Year 1 Sales $500,000   $440,000   Cost of merchandise sold 325,000   242,000   Selling expenses 70,000   79,200   Administrative expenses 75,000   70,400   Income tax expense 10,500   16,400     Required: Question Content Area a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round percentage amounts to nearest whole percent. Young Technologies Inc.Comparative Income StatementFor the Years Ended December 31, Year 2 and Year 1   Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent   $- Select - - Select -% $- Select - - Select -%   - Select - - Select - - Select - - Select -   $- Select - - Select -% $- Select - - Select -%   $- Select - - Select -% $- Select - - Select -%   - Select - - Select - - Select - - Select - Total expenses $fill in the blank 86d00500602205c_26 fill in the…

Income statement information for Einsworth Corporation follows: Sales $586,000 Cost of goods sold 181, 660 Gross profit 404, 340 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. blank Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $586, 000 fill in the blank 1 % Cost of goods sold 181, 660 fill in the blank 2 Gross profit $404, 340 fill in the blank 3 %