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Sunshine Farm Supply Following Are Selected Data from the Financial

Question 54

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Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
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 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

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