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The following information is taken fron the financial statement of a company for the current year: Current assets $402.000 Total assets 900,000 Cost of goods
The following information is taken fron the financial statement of a company for the current year: Current assets $402.000 Total assets 900,000 Cost of goods sold 660,000 Gross profit 210,000 Net Income 130,000; On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue? a. 100% b. 15% c. 62% d. Cannot be determined
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