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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