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.

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Definitions:

Job Offer

A formal proposal by an employer to a prospective employee to work in a specific position under specified conditions.

Time Extension

An additional amount of time given to complete a task or project beyond the original deadline.

Résumé

A formal document that a job seeker uses to present their qualifications for employment.

Citing A Specific Fact

The act of mentioning or referring to a particular detail or piece of information as evidence or illustration.