To follow is selected information about The Boston Company for the current year and prior year.

What is the current year's income tax percentage (as would be found on a vertical analysis of the income statement for the current year)?

Question

To follow is selected information about The Boston Company for the current year and prior year.

What is the current year's income tax percentage (as would be found on a vertical analysis of the income statement for the current year)?

Quizplus · Accepted Answer

A)
Income tax $25,920/648,000 sales = 4%

To Follow Is Selected Information About the Boston Company for the Current