a. option c

b. option b

c. option d

d. option a

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? Net Sales Revenue Cost of Sales Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income $647,000 428,000 219,000 87,500 31,500 35,000 $ 65,000 A) 3) C) D) Cost of Sales 73.56 49.45 100.0 66.20 Gross Profit 100.00 60.11 51.28 Interest Expense 16.01 39.31 8.20 4.90