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12 The Nichols Corporation data for the current year: Account Current aspets AR Mdse Inventory Current liabilities Long-term babilities Common stock (5,000 shares) Retained earnings
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The Nichols Corporation data for the current year: Account Current aspets AR Mdse Inventory Current liabilities Long-term babilities Common stock (5,000 shares) Retained earnings Net sales revenue COGS Gross Profit Selling/General expenses Net income before taxes Income tax expense Net Income Current year Prior year $75 600 $60,000 $59.400 $44,000 $51,200 $40,000 $71 500 $55,000 $36.000 $30 000 $47460 $42.000 $31,240 $17,000 $607,700 $515,000 $469,700 $385,000 $138.000 $130,000 $49,080 $52,000 $88.920 $78,000 $20,520 $18,000 $68,400 $60,000 What would a vertical analysis report for long term liabilities, for the current year? 19.3% 20.0% 16.1% 38.3% Step by Step Solution
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