Armando Company owns 15,000 of the 15,000 shares of common stock outstanding of Tito Company and exercises a significant influence over its operating and financial policies. The investment should be accounted for by the a. equity method b. market method c. cost or market method d. cost method Parker Company owns 83% of the outstanding stock of Tadeo Company. Parker Company is referred to as the a. parent b. minority interest c. affiliate d. subsidiary Analysis in which all the components of an income statement are expressed as a percentage of net sales is called a. vertical analysis b. horizontal analysis c. liquidity analysis d. common-size analysis In a common size balance sheet, the 100% figure is: a. total property, plant and equipment. b. total current assets. c. total liabilities. d. total assets. Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $500 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000. a. 12.5 b. 11, 1 c.10.0 d. 14.3