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{"ops":[{"insert":"A. Choose the letter that corresponds to the correct answer. (Refer to the information below)\n\n(Murayta Enterprises\n\nStatement of Comprehensive Income\n\nFor the period ended, December 31, 2020\n\n-Sales - 52,352.50\n\n-Cost of Goods Sold - 16,137.50\n\n-Gross Profit - 36,215.00\n\n-Selling Expenses - 17,662.50\n\n-General and Admin Expenses - 6,407.50\n\n-Operating Income - 12,145.00\n\n-Interest Expense - 525.00\n\n-Net Income - 11,620.00)\n\n\n\n1.) Using the vertical analysis, the company's cost of sales is:\n\nA. 31%\n\nB. 22%\n\nC. 1%\n\nD. 100%\n\n2.) Using the vertical analysis, the company's:\n\nA. Operating Expenses is 46%\n\nB. Operating Profit is 23%\n\nC. Other Expense is 1%\n\nD. All are correct\n\n3.) Common-size SCI of Murayta Enterprises provides:\n\nA. 70% gross profit\n\nB. 30% cost of goods sold\n\nC. 22% net income\n\nD. 13% general and andministrative expenses\n"}]}
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