Exercise 13-4 Your answer is partially correct. Try again. Operating data for Br

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Exercise 13-4 Your answer is partially correct. Try again. Operating data for Bridgeport Corp. are presented belovw -2072016 $826,200 S641,300 2017 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 523,300 414,500 121,800 78,500 77,100 51,300 36,600 25,700 67,400 71,300 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.) BRIDGEPORT CORP For the Years Ended December 31 2017 2016 Percent Amount Percent Amount $826,200 523,300 302,900 121,800 77,100 Total operating expenses198,900 Income before income taxes 104,000 36,600 S 67,400 100196 $641,300 63 % 414,500 37 % 226,800 % 78,500 9 % 51,300 241% 129,800 % 97,000 4 % 25,700 81% $71,300 Sales 1001 % Cost of goods sold Gross profit Selling expenses 81 % 201 % 151 % 41 % Income tax expense Net income Click if you would like to Show Work for this question: Open Show Work

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Vertical analysis :

2017 2016 Amount Percent Amount Percent Sales 826200 100% 641300 100% Cost of goods sold 523300 63.3% 414500 64.6% Gross profit 302900 36.7% 226800 35.4% Selling expense 121800 14.7% 78500 12.2% Administrative expense 77100 9.3% 51300 8% Total operataing expense 198900 24% 129800 20% Income before income tax 104000 12.6% 97000 15% Income tax expense 36600 4.4% 25700 4% Net income 67400 8.2% 71300 11%

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