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Please, use the income statement information of BobCat Inc. Using vertical analysis, what is the...

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Accounting

Please, use the income statement information of BobCat Inc. Using vertical analysis, what is the gross income margin? Said differently: what percent is assigned to gross income? BobCat Inc. Income Statement For the Year Ended December 31, 2015 Net Sales $500 Cost of Goods Sold 280 Gross Profit 220 Operating Expenses 120 Net Income $ 100

  • A. 56%

  • B. 24%

  • C. 44%

  • D. 20%

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