To Follow Is Selected Information About the Blaz Company for the Current

question 124

Multiple Choice

To follow is selected information about The Blaz Company for the current year and prior year. $$\begin{array} { | l | l | l | } \hline \text { Account } & \text { Current } & \text { Priar } \\\hline \text { Net sales revenue } & \$ 648,000 & \$ 595,000 \\\hline \text { Cost of goods sold } & \$ 401,760 & \$ 425,000 \\\hline \text { Gross profit } & \$ 246,240 & \$ 170,000 \\\hline \text { Selling/general expenses } & \$ 136,080 & \$ 93,500 \\\hline \text { Net income before tax } & \$ 110,160 & \$ 76,500 \\\hline \text { Income tax } & \$ 32,400 & \$ 22,800 \\\hline \text { Net income } & \$ 77,760 & \$ 53,700 \\\hline\end{array}$$
-What is the current year's net income percentage (as would be found on a vertical analysis of the income statement for the current year) ?

• A)44.80%
• B)12.00%
• C)13.07%
• D)144.80%

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Definitions:

Latency Stage

A psychosexual development stage proposed by Freud, occurring between the ages of six and puberty, where sexual impulses are repressed or dormant.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method through which an analyst unpacks unconscious conflicts based on the free associations, dreams and fantasies of the patient.

Archetypes

Universal, symbolic images that appear in myths, art, stories, and dreams; they embody fundamental human motifs and collective experiences.

Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious and archetypes.