Question 43 (2 points) Moon Beam, Indc Income Statement For the Year Ended Dec 31, 2007 (in thousands) Net Sales $180 Cost of goods Sold $60 Gross Profit $120 Operating Expenses $75 Net Income $45 Using vertical analysis, what percentage is assigned to Net Income? 100% O 75% O 25% O 15% Save Question 44 (2 points) Which situation below might indicate a company has a low quality of earnings? O Revenue is recognized when earned Routine repair costs are recorded as capital expenditures and then depreciated O The financial statements are prepared in accordance with generally accepted accounting principles O The same accounting principles are used each year Save