Presented below is selected data from the financial statements of Vert, Inc. for the current and prior year (select all that apply): 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total assets...

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Presented below is selected data from the financial statements of Vert, Inc. for the current and prior year (select all that apply):<br>12/31/20X2<br>12/31/20X1<br>Current assets<br>$330,000<br>$220,000<br>Total assets<br>$2,300,000<br>$1,950,000<br>Current liabilities<br>$195,000<br>$180,000<br>Total liabilities<br>$1,190,000<br>$1,180,000<br>Total stockholders' equity<br>$1,110,000<br>$770,000<br>Net sales<br>$5,200,000<br>$3,900,000<br>Cost of Goods Sold<br>$3,800,000<br>$2,690,000<br>Wages expense<br>$953,000<br>$869,000<br>Supplies expense<br>$60,000<br>$50,000<br>Depreciation expense<br>$35,000<br>$32,000<br>Interest expense<br>$12,000<br>$9,000<br>Net income<br>$340,000<br>S250,000<br>A vertical analysis of the data would show (select all that apply):<br>O A. The net profit margin for 20X2 is 6.54%.<br>O B. The net profit margin for 20X1 is 6.54%.<br>O C. Net income increased 36% from 20X1 to 20X2.<br>O D. Cost of goods sold in 20X2 is 73% of net sales.<br>O E. Cost of goods sold increased 40.89% from 20X1 to 20X2.<br>

Extracted text: Presented below is selected data from the financial statements of Vert, Inc. for the current and prior year (select all that apply): 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total assets $2,300,000 $1,950,000 Current liabilities $195,000 $180,000 Total liabilities $1,190,000 $1,180,000 Total stockholders' equity $1,110,000 $770,000 Net sales $5,200,000 $3,900,000 Cost of Goods Sold $3,800,000 $2,690,000 Wages expense $953,000 $869,000 Supplies expense $60,000 $50,000 Depreciation expense $35,000 $32,000 Interest expense $12,000 $9,000 Net income $340,000 S250,000 A vertical analysis of the data would show (select all that apply): O A. The net profit margin for 20X2 is 6.54%. O B. The net profit margin for 20X1 is 6.54%. O C. Net income increased 36% from 20X1 to 20X2. O D. Cost of goods sold in 20X2 is 73% of net sales. O E. Cost of goods sold increased 40.89% from 20X1 to 20X2.

Jun 02, 2022
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