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QUESTION 15 Use the following information to answer the next question. Horizontal Vertical Analysis Analysis 2019% Net Sales 2019 2018 $147,500 $125,000 106,200 86,100 41,300

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QUESTION 15 Use the following information to answer the next question. Horizontal Vertical Analysis Analysis 2019% Net Sales 2019 2018 $147,500 $125,000 106,200 86,100 41,300 38,900 Operating Expenses Net Income Use the information given above. If a Vertical Analysis of the financial statement were calculated for 2019, the % of Net Income indicated by D would be: a. 6.2% b.5.8% c. 28% d. 100%

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