31) Refer to the Ace Electronics annual report above. Using vertical analysis,
2011
Gross profit would be represented as ________.
A) 70%
B) 14%
C) 17%
D) 63%
32) Refer to the Ace Electronics annual report above. Using vertical analysis,
2012
Gross profit would be represented as ________.
A) 113%
B) 68%
C) (3%)
D) 58%
33) Refer to the Ace Electronics annual report above. Using vertical analysis,
2011
Operating expenses would be represented as ________.
A) 13%
B) 64%
C) 45%
D) 40%
34) Refer to the Ace Electronics annual report above. Using vertical analysis,
2012
Operating expenses would be represented as ________.
A) 11%
B) 74%
C) 50%
D) 42%
35) Refer to the Ace Electronics annual report above. Using vertical analysis,
2011
Net income would be represented as ________.
A) 20%
B) 25%
C) 36%
D) 22%
36) Refer to the Ace Electronics annual report above. Using vertical analysis,
2012
Net income would be represented as ________.
A) 28%
B) 26%
C) 18%
D) 15%
The following information is provided from EZ Electronics' annual report for the years ended December 31:
2012 2011 2010
Sales$120,000$110,000$100,000
Cost of goods sold40,00034,00030,000
Gross profit80,00076,00070,000
Operating expenses48,00042,00040,000
Income before taxes32,00034,00030,000
Income tax expense9,60010,2009,000
Net income$ 22,400$ 23,800$ 21,000
37) Refer to the EZ Electronics annual report above. Using vertical analysis,
2010
sales would be represented as ________.
A) 100%
B) 91%
C) 83%
D) 21%
38) Refer to the EZ Electronics annual report above. Using vertical analysis,
2010
cost of goods sold would be represented as ________.
A) 100%
B) 30%
C) 43%
D) 143%
39) Refer to the EZ Electronics annual report above. Using vertical analysis,
2011
cost of goods sold would be represented as ________.
A) 100%
B) 31%
C) 43%
D) 143%
40) Refer to the EZ Electronics annual report above. Using vertical analysis,
2012
cost of goods sold would be represented as ________.
A) 100%
B) 31%
C) 43%
D) 33%