Question

CA O The Verrine Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the verge for the industry the LOR Companys come statement and w e shoes well as the industry average data for retailers Click the icon to view the come statement Cick the icon to the balance sheet.) Read the current Begin by preparing a vertical analysis for Verfforts income statement (Hound percent of total amounts on omap, XXX) Verrine Department stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total 781,000 News Revenue Cont of Goods Sold Gross Profit Opening Expert Operating come Other Expenses then clickCheck Arewet.

Answer 1

Verifine Department Stores Inc
Income Statement
Year ended December 31, 2018
Particulars	Amount ($)	Percent of total
Net Sales Revenue	7,81,000	100.0%
Cost of goods sold	5,27,956	67.6%
Gross Profit	2,53,044	32.4%
Operating Expenses	1,62,448	20.8%
Operating Income	90,596	11.6%
Other Expenses	5,467	0.7%
Net Income	85,129	10.9%