Table 18 -5
Olivera Company provides the following data for the year 2017:

-Refer to Table 18-5.On a vertical analysis,what percentage would be shown for operating income?
A) 22.9%
B) 23.1%
C) 22.1%
D) 21.4%

Name: Table 18 -5 Olivera Company provides the following data for the year 2017: -Refer to Table 18-5.On a vertical analysis,what percentage would be shown for operating income? A) 22.9% B) 23.1% C) 22.1% D) 21.4%
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Question

Table 18 -5
Olivera Company provides the following data for the year 2017:
 
-Refer to Table 18-5.On a vertical analysis,what percentage would be shown for operating income?
A) 22.9% 
B) 23.1% 
C) 22.1% 
D) 21.4%

Quizplus · Accepted Answer

B) Calculations: ($598,000 - $365,000 - $95,000)/$598,000 = 23.0769% so 23.1%

Table 18 -5 Olivera Company Provides the Following Data for the Year 2017