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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
Net sales 720,000 650,000
Gross profit 352,000 320,000
Net income 126,000 117,000
Weighted average number of common shares outstanding 90,000
90,000
Market price of common stock $35 $39
The return on assets ratio for 2013 is14%
32%.