Please Refer to the Vertical Analysis of Income Statement Data

question 125

Multiple Choice

Please refer to the vertical analysis of income statement data shown below: The figure 8.5% shown for net income in 2013 signifies that:

• A)in 2013, net income is equal to 8.5% of net sales revenues.
• B)in 2013, net income is up 8.5% versus the previous year.
• C)in 2013, net income is 8.5% of gross profit.
• D)in 2013, net income is equal to 8.5% times the income before income tax.

---

Definitions:

Poor-Quality Applicants

Individuals who apply for positions but do not meet the necessary criteria, experience, or skill set required for the job.

Professional Search Firms

Companies specializing in recruiting high-level executives or specialized professionals for other organizations.

Placement Agencies

Agencies specialized in matching employers with potential employees, often focusing on specific industries or professional fields.

Cost Per Recruit

The total expense incurred by an organization to hire a new employee, including advertising, interviewing, testing, and training costs.