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
A comparison with other companies that provides insight into a company ' s competitive position is most commonly known as which of the following types of comparisons? Question 16