Oakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data?
A) The common-size sales percent for 2014 equals 100%.
B) The common-size net income percent for 2013 equals 28.04%.
C) The common-size gross profit percent for 2014 equals (3.87)%.
D) The common-size cost of goods sold for 2013 equals 52.4%.
E) The common-size operating expenses for 2014 equals.

Question

Oakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data? 
A) The common-size sales percent for 2014 equals 100%. 
B) The common-size net income percent for 2013 equals 28.04%. 
C) The common-size gross profit percent for 2014 equals (3.87)%. 
D) The common-size cost of goods sold for 2013 equals 52.4%. 
E) The common-size operating expenses for 2014 equals.

Quizplus · Accepted Answer

The Answer of Oakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data? 
A) The common-size sales percent for 2014 equals 100%. 
B) The common-size net income percent for 2013 equals 28.04%. 
C) The common-size gross profit percent for 2014 equals (3.87)%. 
D) The common-size cost of goods sold for 2013 equals 52.4%. 
E) The common-size operating expenses for 2014 equals.

Oakley Corporation Has the Following Comparative Income Statements