its a time quiz. please take your time to answer them.

1. Net income was $478,600 in the current year and $367,000 in the prior year. The year-to-year percentage change in net income is closest to:

A. 23%.

B. 45%.

C. 30%.

D. 77%.

The following information is taken from the financial statements of a company for the current year:

Current assets	$401,000
Total assets	896,000
Cost of good sold	656,000
Gross Profit	206,000
Net income	126,000

2. value: 2.00 points Required information

On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?

A. 100%

B. 15%

C. 61%

D. Cannot be determined

3. value: 2.00 points Required information

What is the gross profit percentage for the current year (rounded to the nearest whole percent)?

A. 76% B. 24% C. 61% D. 31%

4. value:

2.00 points Required information

On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?

A. 19%B. 24%C. 31%D. 76%

5. A company's comparative balance sheet show total assets of $990,000 and $900,000, for the current and prior years, respectively. The percentage change to be reported in the horizontal analysis is an increase of: A. 10%. B. 9%. C. 5%. D. 4%.