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Stockton Co. prepared its income statement containing the information below. Using vertical analysis, what percentages would apply to cost of sales, gross profit, and interest

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Stockton Co. prepared its income statement containing the information below. Using vertical analysis, what percentages would apply to cost of sales, gross profit, and interest expense, respectively? Net Sales Revenue Cost of Sales Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income $663,000 452,000 211,000 95,500 39,500 39,000 $ 37,000 A) B) C) D) Cost of Sales 72.28 51.78 100.00 68.28 Gross Profit 100.00 64.68 46.78 31.88 Interest Expense 18.58 41.98 8.66 6.08 Multiple Choice Optionc Option B B) Cost of Sales 72.2% 51.78 100.0% 68.2% Gross Profit 100.00 64.6% 46.78 31.8% Interest Expense 18.5% 41.9% 8.6% 6.08 D) Multiple Choice Option C Option B o Option A Option D

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