Gross Profit
160
Operating Expenses
Net Income
65
$ 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
Net income
120,000
25,000
Number of shares of common stock 8,000
Common dividends 9,000
Preferred dividends 6,000