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Cochran Corporation, Inc. has the following income statement( in millions): COCHRAN CORPORATION, INC. Income Statement For the Year Ended December 31, 2014
Net Sales
$ 240
Cost of Goods Sold
80
Gross Profit
160
Operating Expenses
65
Net Income
$ 95
Using vertical analysis, what percentage is assigned to net income? Question 13
The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures.
Total asset
$ 400,000
Stockholders‘ equity— common
200,000
Total stockholders‘ equity
280,000
Sales revenue
120,000
Net income
25,000
Number of shares of common stock
8,000
Common dividends
9,000
Preferred dividends
6,000
What is Marsh‘ s payout ratio? Question 14
A flexible budget Question 15