Selected data (in thousands) from the statement of income of Pembina Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 5.2%.) Sales 2024 2023 Amount Percentage Amount Percentage % % $1,933 $2,094 % % 1,683 do % ୫୧ % 331 411 % % 217 209 do % % 202 Cost of goods sold 1,602 Gross profit Operating expenses Income before income tax 114 % Income tax expense 23 23 40 40 % % % Net income $91 $162
Selected data (in thousands) from the statement of income of Pembina Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 5.2%.) Sales 2024 2023 Amount Percentage Amount Percentage % % $1,933 $2,094 % % 1,683 do % ୫୧ % 331 411 % % 217 209 do % % 202 Cost of goods sold 1,602 Gross profit Operating expenses Income before income tax 114 % Income tax expense 23 23 40 40 % % % Net income $91 $162
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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