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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
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 $641,000 419,000 222,000 84,500 28,500 33,500 75,500 Cost of Sales Gross Profit 74.1% 48.6% 100.08 65.4% 100.08 58.58 53.08 34.6% Interest Expense 15.18 38.3% 8.0 A) B) D) Multiple Choice Option A Option Option C Option D kingsbury Manufacturing has net sales revenue of $624,000, cost of goods sold of $274,560, and all other expenses of $262.080 The net profit margin is: Multiple Choice 0.32 0.56 0.14
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