Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
Refer to the data for Sunshine Farm Supply.
Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Sunshine Farm Supply?
A)Accounts receivable increased $22,000 during 2012.
B)Total assets increased $70,000 during 2012.
C)Cost of goods sold increased $50,000 or 23.8% during 2012.
D)Gross profit is 57.9% of net sales for 2012

Question

Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
 Refer to the data for Sunshine Farm Supply.
Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Sunshine Farm Supply?
A)Accounts receivable increased $22,000 during 2012. 
B)Total assets increased $70,000 during 2012. 
C)Cost of goods sold increased $50,000 or 23.8% during 2012. 
D)Gross profit is 57.9% of net sales for 2012

Quizplus · Accepted Answer

The Answer of Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
 Refer to the data for Sunshine Farm Supply.
Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Sunshine Farm Supply?
A)Accounts receivable increased $22,000 during 2012. 
B)Total assets increased $70,000 during 2012. 
C)Cost of goods sold increased $50,000 or 23.8% during 2012. 
D)Gross profit is 57.9% of net sales for 2012

Sunshine Farm Supply Following Are Selected Data from the Financial