CTICE QUIZ WITH WORKED-OUT SOLUTIONS 1. Complete this partial comparative balance sheet by vertical analysis. Round percents to the nearest hundredth. 12012 2016 Amount Persen Amount Percent Assets 35000 16.000 00 2. What is the amount of change in merchandise inventory and the percent increase" CTICE QUIZ WITH WORKED OUT SOLUTIONS c. From the following information, calculate: Net sales Gross profit from sales b. Cost of merchandise (goods) sold d. Net income Given: Gross sales, $36,000; sales returns and allowances, $2,800; beginning inventory, $5,900; net purchases, $6,800; ending inventory, $5,200; operating expenses, $8,100