a. A company's summary information is as follows:

	2019	2018
Current assets	$235,000	$185,000
Fixed assets (net)	800,000	475,000
Total assets	$1,035,000	$660,000

Using horizontal analysis, calculate the amount and percentage changes in 2019 for total assets, assuming that 2018 is the base year.

options:

	$50,000; 27.6%
	$325,000; 68.4%
	$375,000; 100%
	$375,000; 56.8%

b.

A company reports the following amounts on its income statement:

Net Sales	$500,000
Cost of goods sold	$320,000
Gross profit	$180,000
Operating expenses Net income	$80,000 $100,000

Using vertical analysis, what percentage is assigned to operating expenses?

options:

	16%
	100%
	84%
	64%