Operating data for Riverbed Corp are presented below.     2022   2021 Sales revenue   $850,500   $643,000 Cost of goods sold   529,000   409,600 Selling expenses   121,800   75,900 Administrative expenses   73,300   50,700 Income tax expense   33,000   23,500 Net income   93,400   83,300 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement choose the accouning period                                                           For the Years Ended December 31December 31For the Month Ended December 31   2022   2021   Amount   Percent   Amount   Percent Sales $850,500   enter percentages %   $643,000   enter percentages % Cost of goods sold 529,000   enter percentages %   409,600   enter percentages % Gross profit 321,500   enter percentages %   233,400   enter percentages % Selling expenses 121,800   enter percentages %   75,900   enter percentages % Administrative expenses 73,300   enter percentages %   50,700   enter percentages % Total operating expenses 195,100   enter percentages %   126,600   enter percentages % Income before income taxes 126,400   enter percentages %   106,800   enter percentages % Income tax expense 33,000   enter percentages %   23,500   enter percentages % Net income $ 93,400   enter percentages %   $ 83,300   enter percentages %

Abbott Laboratories’ Consolidated Statements of Earnings for the 3 fiscal year’s ending December 31, 2019.   Required: Using the attached earnings statement, for each period presented, Compute the gross margin % Note: Gross margin % = [(Net sales – Cost of products sold)/Net sales] x 100 Compute the net profit margin on sales % Note: Net profit margin % = (Net earnings/Net sales) x 100 Considering the 3-year trend for a. and b. above, provide a brief comment about the company’s performance for: Gross margin % and Net profit margin %.

Calculate the average collection period ratio for Urban Outfitters for both 2018 and 2019. Be sure to round your answer to 2 decimal places.

Selected comparative financial statements of Korbin Company follow.  KORBIN COMPANY Comparative Income Statements For Years Ended December 31   2021 2020 2019 Sales $ 508,246 $ 389,358 $ 270,200 Cost of goods sold 305,964 246,853 172,928 Gross profit 202,282 142,505 97,272 Selling expenses 72,171 53,731 35,666 Administrative expenses 45,742 34,264 22,427 Total expenses 117,913 87,995 58,093 Income before taxes 84,369 54,510 39,179 Income tax expense 15,693 11,175 7,953 Net income $ 68,676 $ 43,335 $ 31,226   KORBIN COMPANY Comparative Balance Sheets December 31   2021 2020 2019 Assets       Current assets $ 60,248 $ 40,324 $ 53,904 Long-term investments 0 1,000 3,350 Plant assets, net 113,627 103,113 62,412 Total assets $ 173,875 $ 144,437 $ 119,666 Liabilities and Equity       Current liabilities $ 25,386 $ 21,521 $ 20,942 Common stock 66,000 66,000 48,000 Other paid-in capital 8,250 8,250 5,333 Retained earnings 74,239 48,666…