Answer to Question #246860 in Accounting for Another you

Question

A. Perform Vertical SCI Analysis for 2020 Statement of Financial Performance.

-Net Sales - 1,687,500

-Cost of Sales - 1,046,250

-Selling Expenses - 270,000

-Administrative Expenses - 135,000

-Interest Expense - 74,250

-Net Income - 162,000

Answer 1

Vertical SCI Analysis for 2020                  

Item    Amount  Vertical SCI Analysis

Net Sales                               1,687,500        100%

Cost of Sales                         1,046,250        62%

Selling Expenses                    270,000          16%

Administrative Expenses        135,000          8%

Interest Expense                    74,250            4%

Net Income                          162,000           10%