11. If Rick's sales increased from $49,000 to $81,000 and its cost of goods sold increased from $25,000 to $66,000, then vertical analysis based on sales would show the following for cost of goods sold for the two periods: A) 81.48% and 51.02%. B) 51.02% and 81.48%. C) 122.73% and 196.00% D) 196.00% and 122.73%. 12. Net income was $24,000 in Year 1 and $40,000 in Year 2. The percentage increase or decrease in net income was: A) (66.67%). B) (33.33%). C) 33.33%. D) 66.67%. 13. 66166 increase The net sales for James, Inc. were $4,000,000; net income before taxes was $830,000; and gross profit was $1,400,000. The return on sales ratio would be: (Round your answer two decimal places, X.XX%.) A) 14.25%. B) 35.00%. C) 59.29%. D) 20.75%. 14. A company has cash of $221,000; short-term investments of $54,000; net receivables of $75,000; and inventory of $103,000. Current liabilities total $83,000. The current ratio is: (Round your answer two decimal places.) A) 4.22:1. B) 4.55:1.. C) 5.46:1. D) 4.81:1. 15. Rick's Cars had a beginning account receivables balance of $327,000. The ending account receivables balance was $281,000. Net credit sales for the company were $4,270,000. The accounts receivable turnover for Rick's Cars is: (Round your answer two decimal places.) A) 13.06. B) 14.05. C) 15.20. D) None of the above is correct. 16. The liabilities of a company at the end of the year are $530,000 and the total stockholders' equity at the end of the year is $1,080,000. The debt to stockholders' equity ratio is: (Round your answer two decimal places.)