Olivera Company provides the following data for the year 2013: 
On a vertical analysis, what percentage would be shown for operating income?
Definitions:
Total Assets Turnover
A financial ratio that measures a company's efficiency in using its assets to generate revenue.
Sales
Revenue generated from the sale of goods or services.
Total Assets
The sum of all current and long-term assets owned by a company, reflected on the balance sheet.
Net Sales
The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.
Q23: On January 1, 2012, Matthew Company's work
Q24: Avatar Company uses the indirect method to
Q60: Which of the following formulas represents cost
Q62: Benchmarking means comparing a company's financial results
Q77: For a manufacturing business, which of the
Q84: Which of the following events would NOT
Q89: On January 1, 2013, Parquet Sales issued
Q94: Value engineering requires the collaboration of marketing,
Q120: When preparing an annual report, the earnings
Q154: Avatar Company uses the direct method to