Abbreviated income statements for Pop co. follow:

	2018	2017
Sales	210,000	165,000
COGS	149,000	105,000
Operating Expense	27,500	18,000
Income Tax Expense	10,800	11,100
Net Income	22,700	30,900

Using Vertical analysis , which of the following is true? a. 2018 operating Expenses as a percent of Sales is 4.91% b. 2017 Net incom as a percent of sales is 4.91% c. Both a,b are true. d. Nethier a, nor b are true.

H2O Corporation had sales of $547,000 cost of goods sold of $348,000, and avergae inventory of $65,000. what is the company's inventory turnover ratio? a. 0.19x b. 3.06x c. 5.35x d. 8.42x

the Tea company only has common stockholders. Last year , the company earned $47,000 on sales of $163,200: the company average 18,050 outstanding common shares . On the most recent tranding , the common shares were selling at $75. What is this company's earning per share? a. $11.65 per share. b. $9.04 per share c. $2.60 per share. d. $0.38 per share.

The Orange Company reported net sales of $427,000. the company has average total assets of $928,600 of which $475,000 is property, plant, and equipment and the remainder is in current assets. What is the compan's assets tuenover ratio?

a. 0.46x

b. 0.90x

c. 0.94x

d. 2.17x

Which of the following cash flows wold included under the investing activites section of the cash flow statemnt? Assum indirect method used

a. Changes in the Accounts Recivable

b. Changes in (Gross) long-term Assets

c. Net income.

d. Cash dividend