Chapter 11
Financial Statement Analysis
565
c) Perform a vertical analysis of income statement for 2016, 2015 and 2014 and state all the
income statement items as a percentage of net sales.
Abaya Inc.
Income Statement
For the Year Ended December 31, 2016
2016
2015
2014
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising Expense
Bank Charges Expense
Communication Expense
Professional Fees Expense
Utilities Expense
Rent Expense
Repairs and Maintenance Expense
Salaries and Wages Expense
Transportation Expense
Interest Expense
Depreciation Expense
Total Expenses
Operating Profit before Tax
Income Tax
Net Income
