12 The following information is taken from the financial statements of Clybourn Company for the current year: Skipped Current Assets Total Assets Cost of Goods Sold Gross Profit Net Income $ 632,000 1,424,000 1,040,000 320,000 192,000 On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold? Multiple Choice O O 76% 24% 31% 18% 14 Cleveland Co.'s price/earnings ratio is 15.3. Its closest competitor, Walt, Inc. has a Price/Earnings ratio of 9.4. Which of the following would not be a valid conclusion to draw from a comparison of the two companies' Price/Earnings ratios? Multiple Choice Cleveland Co.'s stock is overpriced. Investors believe Cleveland Co. has a brighter future than Walt, Inc. Cleveland has been more profitable than Walt, Inc. The stock price of Cleveland Co. has been bid up due to rumors of a merger