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) Cost of sales increased by 9.09% during 2012.
B) Cost of sales is $390,000 in 2012.
C) Cost of sales is 30.77% of total assets in 2012.
D) Cost of sales is 30.77% of total sales in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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