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Ward Company included the following information in its annual report: 2019 2018 2017 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 107.000 Operating

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Ward Company included the following information in its annual report: 2019 2018 2017 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 107.000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Ward Company. In a common size income statement for 2017, the cost of goods sold is expressed as: 0.69 % 64.31% 100.00% 68.81% Post Company included the following information in its annual report: 2019 2018 2017 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 60,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Post Company. In a common size income statement for 2019, the operating expenses are expressed as: 120.00% 0.34% 28.03% 33.63% Tri Company included the following information in its annual report: 2019 2018 2017 Sales $178,400 $162,500 $155,500 Cost of goods sold 118,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Tri Company. In a common size income statement for 2019, the cost of goods sold is expressed as: 64.46% 66.14% 0.66% 115.12% 2019 2018 2017 Sales $178,400 $162,500 $165,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Miami Company. In a percentage change income statement over the period of 2017 to 2019, what is the change in sales? 92.21% 14.73% 7.79% 0.08% 2019 2018 2017 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 11,200 Refer to the information for Ryan Company. In a percentage change income statement over the period of 2017 to 2019, what is the change in net income? 27.62% 0.24% 80.60% 19.64% Long Industries has condensed balance sheets as shown: 2019 2018 2017 Assets: Current assets 65,000 $46,500 $80,000 Plant & equipment, net 600,000 420,000 410,000 Intangible assets, net 15,000 36,500 50,000 Total assets 680,000 $503,000 540,000 Liabilities & Stockholders' Equity: Current liabilities $70,000 $25,000 $33,500 Long-term liabilities 420,000 290,000 400,000 Stockholders' equity 190,000 188,000 106,500 Total liabilities & equity $680,000 $503,000 540,000 Refer to the information for Long Industries. In a common size balance sheet for 2019. plant and equipment (net) is expressed as

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