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PLEASE HELP! WILL GIVE THUMBS UP! Sheffield Corporation, Inc. has the following income statement (in millions): Sheffield Corporation, Inc. Income Statement For the Year Ended
PLEASE HELP! WILL GIVE THUMBS UP!
Sheffield Corporation, Inc. has the following income statement (in millions):
Sheffield Corporation, Inc. Income Statement For the Year Ended December 31, 2021 | |
---|---|
Net Sales | $380 |
Cost of Goods Sold | 114 |
Gross Profit | 266 |
Operating Expenses | 50 |
Net Income | $ 216 |
Using vertical analysis, what percentage is assigned to net income?
100%
266%
57%
64%
The following schedule is a display of what type of analysis?
Amount | Percent | |
---|---|---|
Current assets | $100,000 | 25% |
Property, plant, and equipment | 300,000 | 75% |
Total assets | $400,000 | 100% |
Differential analysis
Vertical analysis
Ratio analysis
Horizontal analysis
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