Selected data (in thousands) from the statement of income of Pembina Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 5.2%).
2024
2023
Amount
Percentage
Amount
Percentage
Sales
$1,933
$2,094
Cost of goods sold
1,602
1,683
Gross profit
331
411
Operating expenses
217
209
Income before income tax
114
202
Income tax expense
23
40
Net income
$91
$162