Oglethorpe Company Reports the Following Information from the Vertical Analysis

question 30

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of their income statement:
Net income:
4.2 % in 2014
3.9% in 2013
Which of the following statements could be logically concluded from the above data?

• A) The company made a higher gross profit in 2014 than in 2013.
• B) The company made higher net income in 2014 than in 2013.
• C) The company has improved the profit they make per dollar of sales in 2014.
• D) The company's total net income increased by 0.3% in 2014.

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