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Use the following table to answer questions 9 - 11. % of Sales Rocky Mountain Resort Comparative Income Statement Year Ended December 31, 2018 and

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Use the following table to answer questions 9 - 11. % of Sales Rocky Mountain Resort Comparative Income Statement Year Ended December 31, 2018 and 2017 % of 2018 Sales 2017 Net Sales $850,000 $983,000 Cost of Goods Sold $520,000 $642,000 Gross Profit $330,000 $341,000 Other Expenses $212,000 $218,000 Inco e from Operations $118,000 $123,000 Interest Revenue $2,000 $1,000 Interest Expense $15,000 $21,000 Income before taxes $105,000 $103,000 Income tax expense $19,000 $16,000 Net Income $86,000 $87,000 Question 9: Perform a vertical analysis of the P&L Statement. What is your CARA DALMAuninin 17 in Cross Drofitin 2017 com is sharing your screen. Stop sharing Hide Question 10 2.65 pts Perform a Vertical Analysis of Rocky Mountain Resort's P&L Statement. Income from Operations in 2018 represents what percentage of sales in 2018? In other words, what is your operating profit margin? 13.88% 1.76% O 12.12% 34.69% Quection 11 2.65 Question 11 2.65 pts Referring to Rocky Mountain Resort's P&L Statement, what is the Rate of Return on Sales for 2018? 1.7% O 14.02% O 10.12% 4.67%

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