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What percentage do sales represent of the base

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Reference no: EM132800434

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Q1. Metlock, Inc. has the following Income Statement (in millions):

METLOCK, INC. Income Statement For the Year Ended December 31, 2023

Net Sales $200

Cost of Goods Sold $148

Gross Profit $52

Operating Expenses $46

Net Income $6

Using vertical analysis, what percentage is assigned to gross profit?

A. 35.1%

B. 74.0%

C. 26.0%

D. 100%

Q2. Given the following data for the Sheffield Corp.:

Current liabilities $410

Long-term debt $470

Common stock $525

Retained earnings $1095

Total liabilities & stockholders' equity $2500

How would common stock appear on a common size balance sheet?

A. 49%

B. 23%

C. 21%

D. 13%

Q3. Blue Spruce Corp. reported net sales of $651000, $726000, and $781200 in the years 2021, 2022, and 2023, respectively. If 2021 is the base year, what percentage do 2023 sales represent of the base?

A. 83%

B. 120%

C. 108%

D. 20%

Q4. Assume the following sales data for a company:

2023 $970000

2022 $871000

2021 $696800

If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?

A. 125%

B. 139%

C. 25%

D. 39%

Q5. The following schedule is a display of what type of analysis?

 

Amount

Percent

Current assets

$100,000

25%

Property, plant, and equipment

$300,000

75%

Total assets

$400,000

100%

A. Differential analysis

B. Ratio analysis

C. Vertical analysis

D. Horizontal analysis

Reference no: EM132800434

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