Manero Company Included the Following Information in Its Annual Report

question 123

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 balance sheet,each balance sheet item is expressed as a percentage of

• A)total assets.
• B)the base year item.
• C)sales.
• D)equity.

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Definitions:

Abbreviation

A shortened form of a word or phrase used to save space or time, common in various fields including medicine and communication.

QID

An abbreviation in medical prescriptions indicating medication should be taken four times a day.

Legibly

In a manner that is clear enough to read; the quality of being easily readable by others.

Strength

The capacity of an object or individual to withstand great force or pressure, often measured in terms of physical power or durability.