23

please help with sll three parts. will give good feedback.

Account Current assets A/R Mdse Inventory Current liabilities ng-term liabilities Damon stock (5,000 shares) ed eamings 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 $07,460 $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 If you performed a horizontal analysis, what percentage is net income? 11.3% O 14% 0 -14% 11.7% Current year Prior year Account Current assets AR Mdse. Inventory Current liabilities Long-term liabilities 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 $75,600 $59,400 $51,200 $71,500 $36,000 1.47,460 $31,240 $607,700 $469,700 $138,000 $49,080 $88,920 $20,520 $68,400 $60,000 $44,000 $40,000 $55,000 $30,000 $42,000 $17,000 $515,000 $385,000 $130,000 $52,000 $78,000 $18,000 $60,000 What would a vertical analysis report for long term liabilities, for the current year? O 19.3% O 16.1% 0 20.0% 38.3% Account Current year Prior year Jet sales $219,000 $180,000 Cost of Goods Sold $125,000 $110,000 Gross Profit $94.000 $70,000 Income from operations $32,000 $30,000 Interest expense $2,000 $7,000 Net income $25,000 $18,000 Also known. Total assets in the prior year were $325,500, and in the current year are $345.500. What is the current year's return on total assets