Stockton Co A)Option a
B)Option B
C)Option C
D)Option D

Multiple Choice

Stockton Co.prepared its income statement containing the information below.Using vertical analysis,what percentages would apply to cost of sales,gross profit,and interest expense,respectively? $\begin{array}{lr}\text { Net Sales Revenue } & \$ 508,000 \\\text { Cost of Sales } & 328,000 \\\text { Gross Profit } & 180,000 \\\text { Operating and Other Expenses } & 65,200 \\\text { Interest Expense } & 20,400 \\\text { Income Tax Expense } & 25,600 \\\text { Net Income } & \$ 68,800\end{array}$ $\begin{array}{lrrr}&\text { Cost of Sales}&\text {Gross Profit }&\text {Interest Expense }\\\text { A) } & 182.2 \% & 100.6 \% & 14.2 \% \\\text { B) } & 476.7 \% & 261.6 \% & 37.2 \% \\\text { C) } & 100.0 \% & 54.9 \% & 7.8 \% \\\text { D) } & 64.6 \% & 35.4 \% & 4.0 \%\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D