Top Posters
Since Sunday
14
6
m
5
M
5
n
5
b
5
j
4
o
4
c
4
b
4
u
4
b
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
To follow is selected information about The Boston Company for the current year and prior year.

Account   Current   Prior
Net sales revenue   $648,000   $595,000
Cost of goods sold   $414,720   $425,000
Gross profit   $233,280   $170,000
Selling/general expenses    $149,040   $93,500
Net income before tax    $84,240   $76,500
Income tax   $25,920   $22,800
Net income   $58,320   $53,700

What is the current year's net income percentage (as would be found on a vertical analysis of the income statement for the current year)?
A) 108.60%
B) 8.60%
C) 9.80%
D) 9.00%
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 501 times
2 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
D
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Wow! Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  706 People Browsing
 211 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3504
  
 14528
  
 90
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 39
Previous poll results: Who's your favorite biologist?