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Which of the following would be considered an "Other comprehensive income" item? Gain on disposal of discontinued operations. Unrealized loss on available-for-sale securities. Extraordinary loss related to flood. Net income. QUESTION 2 In horizontal analysis, each item is expressed as a percentage of the: net income amount. stockholders' equity amount. total assets amount. base-year amount. QUESTION 3 In vertical analysis, the base amount for depreciation expense is generally: net sales: depreciation expense in a prevous year. gross profit fixed assets Which measure is an evaluation of a company's ability to pay current liabilities? Current cash debt coverage. Current ratio. Both (a) and (b). None of the above. QUESTION 5 Plano Corporation reported net income $24,000, net sales $400,000; and average assets $600,000 for 2014 . What is the 2014 profit margin? 6% ? 40%. 12% 200%