Darius, Inc. has the following income statement (in millions):
DARIUS, INC.
Income Statement
For the Year Ended December 31, 2012
Net Sales $300
Cost of Goods Sold 120
Gross Profit 180
Operating Expenses 44
Net Income $136
Using vertical analysis, what percentage is assigned to Net Income?
100%
75.6%
45.3%
None of these
6Multiple Choice Question 135
The following amounts were taken from the financial statements of
Plant Company:
2013 2012
Total assets $800,000 $1,000,000