Answer options:

Option A

Option B

Option C

Option D

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 $639,000 416,000 223,000 83,500 27,500 33,000 $ 79,000 A) B) C) D) Cost of Sales 74.3% 48.3% 100.0% 65.1% Gross Profit 100.0% 57.99 53.6% 34.9% Interest Expense 14.8% 37.9% 7.9% 4.3%