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 income tax expense?
A) 2.3%
B) 2.5%
C) 2.9%
D) 3.0%

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 income tax expense? A) 2.3% B) 2.5% C) 2.9% D) 3.0%
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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 income tax expense?
A) 2.3% 
B) 2.5% 
C) 2.9% 
D) 3.0%

Quizplus · Accepted Answer

D) Calculations: $18,000/$598,000 = 3.010033% so 3.0%

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