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  3. use the following information for questions 59-60

Use the following information for questions 59-60 BLK Inc. Income statement year ended December 31...

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Accounting

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Use the following information for questions 59-60 BLK Inc. Income statement year ended December 31 2018 2017 2016 Sales $94,025 $69,579 $52,654 Cost of goods sold S67,690 $50,091 $37,906 Gross profit $26,335 $19,488 S14,748 Operating expenses $20.020 $14,815 $11.211 Income from operations $6,315 $4,673 $3,536 Interest expense $1,198 $886 $671 Income before income tax $5,118 $3,787 $2.866 Income tax expense $1,645 $1,217 $921 Net income $3,473 $2,570 $1,945 59. Assuming the base year is 2016 under horizontal analysis, compute the percentage for Operating expenses for 2018, a) 28.01% b) 35.14% c) 102.45% d) 178.57% 60. Using vertical analysis for 2016, compute the percentage for Income from operations. a) 6.725 b) 5.14% c) 4.45% d) 3.57%

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