The Wilson Company’s Income Statements are presented below for


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Dec 14, 2013. The Wilson Company’s Income Statements are presented below for 2011 and 2010. WILSON COMPANY Income Statements For Years Ended December 31, 2011 and 2010 2011 2010 Sales $90,000 $100,000 Cost of goods sold (67,000) (75,000) Gross profit $23,000 $ 25,000 Operating expenses (12,000) (14,000) Income taxes (5,000) (4,000) Income from continuing operations $ 6,000 $ 7,000 Extraordinary items (net of taxes) (2,000) 2,000 Net income $ 4,000 $ 9,000 Earnings per share $ 1.00 $ 2.25 Required: Prepare vertical analysis for 2011 ctm234
posted a question ยท Dec 14, 2013 at 10:56am

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