Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r }
\text { Net sales revenue } & \$ 398,000 \
\text { Cost of goods sold } & \$ 255,000 \
\text { Operating expenses } & \$ 95,000 \
\text { Income tax expense } & \$ 9,000
\end{array}$$
- On a vertical analysis, what percentage would be shown for net income?
A) 12.1%
B) 8.8%
C) 9.8%
D) 27.3%

Question

Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } 
\text { Net sales revenue } & \$ 398,000 \
\text { Cost of goods sold } & \$ 255,000 \
\text { Operating expenses } & \$ 95,000 \
\text { Income tax expense } & \$ 9,000
\end{array}$$
- On a vertical analysis, what percentage would be shown for net income?
A) 12.1%
B) 8.8%
C) 9.8%
D) 27.3%

Quizplus · Accepted Answer

The Answer of Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } 
\text { Net sales revenue } & \$ 398,000 \
\text { Cost of goods sold } & \$ 255,000 \
\text { Operating expenses } & \$ 95,000 \
\text { Income tax expense } & \$ 9,000
\end{array}$$
- On a vertical analysis, what percentage would be shown for net income?
A) 12.1%
B) 8.8%
C) 9.8%
D) 27.3%

Olivera Company Provides the Following Data for the Year 2013