Using vertical analysis , what percentage is assigned to Net Income ? 100 % 75.6 % 45.3 % None of these 6- Multiple Choice Question 135
The following amounts were taken from the financial statements of Plant Company :
2013 2012 Total assets $ 800,000 $ 1,000,000 Net sales 720,000 650,000 Gross profit 352,000 320,000 Net income 126,000 117,000
Weighted average number of common shares outstanding 90,000 90,000
Market price of common stock $ 35 $ 39 The return on assets ratio for 2013 is14 % 32 %. 28 %. 16 %.