Question
-Mewing Company net sales revenue of $100,000, operating expenses of $50,000, and net income of $25,000. What is the percentage that will be shown for
-Mewing Company net sales revenue of $100,000, operating expenses of $50,000, and net income of $25,000. What is the percentage that will be shown for operating expenses in the vertical (common size) income statement? (Round your answer to 1 decimal place.)
-Jackson Company generated $125,000 in net income during the current year and $100,000 during the prior year. What is the percentage change in net income? (Round your answer to 1 decimal place.)
-Jackson Company generated $54,000 in net sales revenue during the current year and $48,000 during the prior year. What is the percentage change in net sale revenue? (Round your answer to 1 decimal place.)
-Jackson Company reported accounts receivable of $100,000, total current assets of $200,000, total assets of $400,000, and total liabilities of $275,000 at the end of Year 1 and net sales revenue of $500,000 for the year. What is the percentage that will be shown for accounts receivable in the vertical (common size) balance sheet? (Round your answer to 1 decimal place.)
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