hi I'm writing this exam now and I need help please I have 25 minuits only.

1)Net income was $598,600 in the current year and $373,000 in the prior year. The year-to-year percentage change in net income is closest to:

30%.

62%.

38%.

60%.

2) The following information is taken from the financial statements of a company for the current year:

Current assets$400,000Total assets895,000Cost of good sold655,000Gross Profit205,000Net income125,0002.

value:

On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?

3) A company's comparative balance sheet show total assets of $990,000 and $900,000, for the current and prior years, respectively. The percentage change to be reported in the horizontal analysis is an increase of:

10%.

9%.

5%.

4%.

4) What is the gross profit percentage for the current year (rounded to the nearest whole percent)?

76%

61%

31%

24%

5) On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?

31%

24%

76%

19%