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Calculate the percentage of the base amount

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Reference no: EM133169063

Question - Selected data (in thousands) from the income statement of Cullumber Inc. are shown below.

Net sales $1,880

Cost of goods sold 1,567

Gross profit 313

Operating expenses 212

Profit before income tax 101

Income tax expense 30

Profit $71

Required - Perform a vertical analysis and calculate the percentage of the base amount for the current year.

Reference no: EM133169063

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