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Can someone help me with questions 1-4 please? Thanks 1.Ash Company reported sales of $400,000 for Year 1, $450,000 for Year 2, and $500,000 for
Can someone help me with questions 1-4 please? Thanks
1.Ash Company reported sales of $400,000 for Year 1, $450,000 for Year 2, and $500,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3? a. 125% for Year 2 and 112.5% for Year 3. b. 80% for Year 2 and 90% for Year 3. c. 88% for Year 2 and 80% for Year 3. d. 112.5% for Year 2 and 125% for Year 3. 2.Darius, Inc. has the following selected items on income statement (in millions): Net Sales $300 Cost of Goods Sold 120 Using vertical analysis, what percentage is assigned to Cost of Goods Sold? a. 30% b. 40% c. 100% d. None of the above 3. The current ratio is a. calculated by dividing current liabilities by current assets. b. used to evaluate a company's liquidity and short-term debt paying ability. c. used to evaluate a company's solvency and long-term debt paying ability. d. calculated by subtracting current liabilities from current assets. 4.Davis Corporation reported net income $36,000, net sales $400,000, and average assets $800,000 for 2019. The 2019 profit margin was: a. 4.5%. b. 9% c. 50%. d. 200%Step by Step Solution
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