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