Started: Jul 25 at 1:41pm
Quiz Instructions
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Question 20
2.5 pts
2
Ronaldo Soccer Shop's income statement reports sales of \( \$ 100,000 \), cost of goods sold of \( \$ 46,000 \), operating expenses of \( \$ 34,000 \), interest expense of \( \$ 15,000 \), income tax expepse of \( \$ 2,000 \), and net income of \( \$ 3,000 \). If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by:
\( \$ 3,000 \).
\( \$ 34,000 \).
\( \$ 46,000 \).
\( \$ 100,000 \).
