Danner Corporation reported net sales

Danner Corporation reported net sales

1. Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base?2. Richards, Inc. has the following income statement (in millions):RICHARDS, INC.Income StatementFor the Year Ended December 31, 2012Net Sales $180Cost of Goods Sold 60Gross Profit 120Operating Expenses 75Net Income $ 45Using vertical analysis, what percentage is assigned to net income?


Comments are closed.