Fulton Company Has the Following Data Available If a Common Size Income Statement Were Prepared,what Percentage Would

question 75

Multiple Choice

Fulton Company has the following data available:
$\begin{array}{l}\text {Cost of Goods Sold, For the Year Ending December 31, 2013} & \$ 470 \\\text {Cost of Goods Sold, For the Year Ending December 31, 2012} & \$440 \\\text {Sales, For the Year Ending December 31, 2013} & \$ 900 \\\text {Sales, For the Year Ending December 31, 2012} & \$ 800 \\\text {Net Income, For the Year Ending December 31, 2013} & \$ 130 \\\text {Net Income, For the Year Ending December 31,2012} & \$ 110 \\\end{array}$ If a common size income statement were prepared,what percentage would be attributable to the 2013 cost of goods sold of Fulton Company?

• A)52.2%
• B)19.4%
• C)28.3%
• D)2)2%
• E)100%

---

Definitions:

Conflict

A struggle or clash between opposing forces or parties, often arising from differing opinions, values, or interests.

Impulse

A sudden urge or desire to act or do something without premeditation.

Restraint

The act of limiting, controlling, or restricting someone's actions or behavior, either physically or through other means.

Unconscious

A part of the mind that contains thoughts, memories, and desires not currently in the realm of conscious awareness but influence behaviors and emotions.