=+PR 17-2B Vertical analysis for income statement obj. 1

✔ 1. Net income, 2009, 10.0%

Data pertaining to the current position of Newton Industries, Inc., are as follows:

Cash $300,000 Temporary investments 250,000 Accounts and notes receivable (net) 350,000 Inventories 440,000 Prepaid expenses 60,000 Accounts payable 420,000 Notes payable (short-term) 460,000 Accrued expenses 120,000