4 27 A1 CORPORATION, INC. Income Statement For the Year Ended December 31, 2026 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Using vertical analysis, what percentage is assigned to cost of goods sold? A) 37.5% B) 100% C) 62.5% $240 150 90 65 $25 D) 50%

4 27 A1 CORPORATION, INC. Income Statement For the Year Ended December 31, 2026 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Using vertical analysis, what percentage is assigned to cost of goods sold? A) 37.5% B) 100% C) 62.5% $240 150 90 65 $25 D) 50%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

27
A1 CORPORATION, INC.
Income Statement
For the Year Ended December 31,
2026
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Net Income
Using vertical analysis, what percentage is assigned to cost of goods sold?
OA) 37.5%
B) 100%
OC) 62.5%
$240
150
90
65
$25
D) 50%

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