Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net Income 10 1607700 1000 $136.000 1.080 5,970 1205201 400 513000 151000 $70,000 $18,000 If a vertical analysis is performed for the current year, what percentage would be reported for S, G & A expenses? -5.6% O 26.3% 71.8% O 8.1% Account 2pts Current yeas Net sales Prior year $219,000 Cost of Goods Sold $180,000 Gross Profit $125,000 $94.000 $110.000 $70,000 Income from operations $32,000 $30,000 Interest expense Net income $2,000 $25,000 $7,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the current year's return on total assets? 7.8% O 7.4% O 10.1% O 8.0% 2 pts Question 15 2 pts Account Current year Prior year Net sales $219.000 $125,000 $180.000 Cost of Goods Sold $94,000 $110,000 $70,000 Gross Profit Income from operations Interest expense $32,000 $30,000 $2.000 $7,000 Net income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500 What is the current year's return on sales? O 14.6% 21.7% 10.0% O 11.4%