Question 4 The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007. Account Net sales revenue Cost of goods sold Gross profit Selling and general expenses Net income before income tax expense Income tax expense Net income 2007 $487,000 330,000 157,000 70,000 87,000 24,000 $63,000 100.00% 67.76% 3224% 14.37% 17.86% 4.93% 1294% 2 pts 2006 $500,000 395,000 105,000 50,000 55,000 16,500 $ 38,500 What would vertical analysis report with respect to 2006 net income? O Vertical analysis would report net income as 7.7% O Vertical analysis would report a dividend yield of $8.20. O Vertical analysis would report net sales revenue as the 100% base amount. O Vertical analysis would report a 2.60% decrease in net sales revenue.

The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007. What would vertical analysis report with respect to 2006 net income? Vertical analysis would report net income as 7.7% Vertical analysis would report a dividend yield of $8.20. Vertical analysis would report net sales revenue as the 100% base amount. Vertical analysis would report a 2.60% decrease in net sales revenue