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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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