Answer Happy

25 reen. If the manager were to perform a vertical analysis on the above income statement, what would be the percentage reported for depreciation expense in 2020? Net sales Cost of goods sold Gross profit from sales Expenses Advertising Selling and admin Depreciation expense Income before tax Income tax Profit Multiple Choice Stop sharing Hide 14.59% 29 30 2020 164,313 35,940 128,373 34,390 30,833 6,137 57,013 14,937 42,076 2019 105,027 24,310 80,717 20,579 18,005 4,079 38,054 13,814 24,240

Targot's current assets were $16,825. Its quick assets were $11,220. Its current liabilities were $13.190. The quick ratio is Current assets Current ratio Current liabilities Cash+Investments Quick Ratio Accounts receivable turnover Days' sales uncollected Inventory tumover Days' sales In Inventory Total asset tumover Multiple Choice Stop sharing Hide 0.65 .. . Not current receivables Current abilities Net sales Average net accounts receivable Accounts receivable Net sales Cost of goods sold Average Inventory Ending Inventory Cost of goods sold Net sales Average total assets Shy -x365 -x365