Selected information about The Staccato Company for the current year and prior year is given below.

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

Question

Selected information about The Staccato Company for the current year and prior year is given below.

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

Quizplus · Accepted Answer

A)
Net income $71,280/648,000 sales = 11%

Selected Information About the Staccato Company for the Current Year