Prepare a vertical analysis of the income statement shown below
(Round to two decimal places.)
Trucker, Inc
Income Statement
For the Year Ended December 31, 2017
Net Sales $7,000
Cost of Goods Sold 3,800
Gross Profit 3,200
Operating Expenses:
Selling Expenses 950
Administrative Expenses 670
Total Operating Expenses 1,620
Operating Income 1,580
Other Revenues and (Expenses):
Interest Revenue 0
Interest Expense (750 )
Total Revenues and (Expenses) (750 )
Income Before Income Taxes 830
Income Tax Expense 150
Net Income $680
What will be an ideal response
Trucker, Inc.
Income Statement
For the Year Ended December 31, 2017
Percent of
Total
Net Sales $7,000 100.00
Cost of Goods Sold 3,800 54.29
Gross Profit 3,200 45.71
Operating Expenses:
Selling Expenses 950 13.57
Administrative Expenses 670 9.57
Total Operating Expenses 1,620 23.14
Operating Income 1,580 22.57
Other Revenues and (Expenses):
Interest Revenue 0 0.00
Interest Expense (750 ) (10.71 )
Total Other Revenues and (Expenses) (750 ) (10.71 )
Income Before Income Taxes 830 11.86
Income Tax Expense 150 2.14
Net Income $680 9.71
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A) I B) II C) III D) IV
Some biologists study the complex interactions of animals and plants in forests or prairies. Such ecology field research often produces slightly different results for different researchers. In contrast, ecology experiments that are run indoors with one organism in a terrarium usually produce results that are repeatable. What is the most likely explanation?
A. Field research is only descriptive, and descriptive research is not strictly "science." B. It is easier to hold all but one variable constant in a laboratory. C. Fieldwork is inductive; lab work is deductive. D. The scientific method is only useful in laboratory settings. E. It is not possible to establish a control group outside of a laboratory.
Distributions of shares in the corporation itself are called ________.
A. property dividends B. equity securities C. stock dividends D. cash dividends
According to the problem definition and approach development process as given in the text, the tasks involved in problem definition consist of all of the following EXCEPT:
A) discussions with the decision makers. B) interviews with industry experts. C) analysis of project costs. D) analysis of secondary data.