Manero Company Included the Following Information in Its Annual Report

question 72

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 common size balance sheet,all items are expressed as a percentage of

• A)total assets.
• B)total liabilities.
• C)total equity.
• D)total sales.

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Definitions:

Pristine Environment

An ecosystem or area that is untouched or minimally impacted by human activities, often considered in a natural or original state.

Genetic Distance

A measure of the genetic divergence between species or between populations within a species; a reflection of the amount of genetic change (evolution) that has occurred.

Subpopulations

Distinct groups within a larger population that often have unique characteristics or genetic makeup.

Allele Frequencies

The relative frequencies of different alleles of a particular gene in a population, a fundamental concept in population genetics that helps explain the genetic diversity and evolutionary processes.