Multiple Choice
Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's income statement in 2012?
A) Depreciation expense increased $3,000 or 7.14% during 2012.
B) Depreciation expense is $45,000 in 2012.
C) Depreciation expense is 12.16% of total assets in 2012.
D) Depreciation expense is 12.16% of total sales in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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