Prepare a vertical analysis of the income statement for Gateway. Round to one decimal place. 1 answer below »
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The following income statement data (in thousands) for Dell Computer Corporation and Gateway Inc. were taken from their recent annual reports:
Dell
Gateway
Net sales
$31,888,000
$6,079,524
Cost of goods sold
25,445,000
5,241,332
Gross profit
$ 6,443,000
$838,192
Operating expenses
3,780,000
2,022,122
Operating income (loss)
$ 2,663,000
$(1,183,930)
1. Prepare a vertical analysis of the income statement for Dell. Round to one decimal place.
2. Prepare a vertical analysis of the income statement for Gateway. Round to one decimal place.
3. Based upon (1) and (2), how does Dell compare to Gateway?
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