Use the following information to answer the next four (4)questions* Quintero Company Comparative Income Statements For the Years Ended December 31, 2010 and 2009 2010 2009 s189,000 $171,000 Net sales Cost of goods sold Gross margin Operating expenses: Selling expenses General and administrative expenses Operating income Income tax expense Net income 72,000 64,000 $117.000 s107.000 35,000 31,000 27,000 29,000 S 55,000 $47,000 13,000 11.000 $42,000 S36,000 13) If a vertical analysis were performed relative to the year ended December 21, 2010, the figure that would appear in the percent column for Income Tax Expense would be: a) 6.4% b) 6.9% c) 11.1% d) 3.1% 14) If a vertical analysis were performed relative to the year ended December 31, 2010, the figure that would appear in the percent column for Net Income would be: a) 100% b) 33.6% c) 22.2% d) 21.1% would 15) Using horizontal analysis, the figure that would appear in the percent column for Net Sales be: a) 9.5% b) 10.5% c) 15.4% d) 16.8% 16) Using trend- not horizontal-analysis, the figure that would appear in the percent column for Operating Income for 2010 would be: a) 11796 b) 17.0% c) d) 29.1% 85.4%