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Assume a company provided the following information: Net income Number of common shares outstanding, beginning of the year Number of common shares outstanding, end of the year Market price per share Dividends per share Total assets, end of the year Total liabilities, end of the year $ 56,000 45,000 55,000 $ 15 $ 0.50 $200,000 $ 80,000 The price-earnings ratio is closest to: Which of the following statements is true with respect to vertical analysis? Multiple Choice It focuses on the relations among financial statement accounts over time. It focuses on the relations among balance sheet accounts, but not income statement accounts. It focuses on the relations among financial statement accounts at a given point in time. It focuses on the relations among income statement accounts, but not balance sheet accounts