Question: Mother Nature Supplies Following are selected data from the financial statements of Mother Nature Supplies: Refer to the data for Mother Nature Supplies. Which of


Mother Nature Supplies Following are selected data from the financial statements of Mother Nature Supplies: Refer to the data for Mother Nature Supplies. Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Mother Nature Supplies? X a. Accounts receivable increased $22,000 during 2018 . b. Cost of goods sold increased $50,000, or 23.8%, during 2018 . C. Gross profit is 57.9% of net sales for 2018 . d. Total assets increased \$70,000 during 2018. Given below are several ratios. Select the accounts or amounts that would be used in order to calculate the ratio. You will have more than one response to each ratio. Some accounts or amounts may not be used at all. (Select all that apply.) Return on assets ratio a. Total assets X b. Net sales c. Average total assets d. Market price per share e. Net income X f. Gross profit g. Total liabilities h. Interest expense, net of tax
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