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1) Vaughn, Inc. has the following income Statement (in millions): Vaughn, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $230 Cost
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Vaughn, Inc. has the following income Statement (in millions): Vaughn, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $230 Cost of Goods Sold 160 Gross Profit 70 Operating Expenses 42 Net Income $ 28 Using vertical analysis what percentage is assigned to net sales? 0 23096 O Can't be computed. O 70% O 10096 Given the following data for the Concord Company: Current liabilities $530 Long-term debt 460 Common stock 730 Retained earnings 780 Total liabilities & stockholders' equity $2500 How would common stock appear on a common size balance sheet? O 21.296 O 71.2% 0 29.2% O 31.29 SwiftyClothing Store had a balance in the Accounts Receivable account of $751000 at the beginning of the year and a balance of $852000 at the end of the year. Net credit sales during the year amounted to $11701900. The average collection period of the accounts receivable in terms of days was 14.4 days. O 50.0 days. 0 26.4 days. 0 25.0 daysStep by Step Solution
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