Manero Company Included the Following Information in Its Annual Report

question 60

Multiple Choice

Manero Company included the following information in its annual report:
$\begin{array}{lrrr}&2014&2013&2012\\\text { Sales } & \$ 178,400 & \$ 162,500 & \$ 155,500 \\\text { Cost of goods sold } & 115,000 & 102,500 & 100,000 \\\text { Operating expenses } & 50,000 & 50,000 & 45,000 \\\text { Net income } & 13,400 & 10,000 & 10,500\end{array}$
-In a trend income statement for 2012,where 2012 is the base year,sales are expressed as

• A)84.4%
• B)92.6%
• C)100.0%
• D)150.5%

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Definitions:

Pyridine

A basic nitrogen-containing heterocyclic aromatic compound, often used as a solvent and in the synthesis of various organic compounds.

LDA

Lithium diisopropylamide, a strong, non-nucleophilic base used in organic synthesis to deprotonate weak acids.

Acetophenone

A colorless, viscous liquid used in fragrances and as a solvent, characterized by a sweet, pungent smell, belonging to the ketone family.

Enolate

An anion formed by the removal of an alpha hydrogen from a carbonyl compound by a base, creating a carbon-nitrogen double bond adjacent to a carbonyl group.