On a common-size balance sheet, current liabilities should be stated as a percentage of: net sales. Total assets total liabilities. total long term liabilities. Which of the following types of measures focuses primarily on income statement information? long-term solvency measures. short-term liquidity measures. market valuation measures. profitability measures. All of the following accounts would typically be used to calculate the quick ratio except: cash. equipment. accounts payable. accounts receivable. All of the following measures evaluate profitability except: profit margin ratio. return on assets. market capitalization. gross margin ratio. Savanah Company reported the following amounts of net income. Year 1 $50,000 Year 2 $70,003 Year 3 $56,000 Which of the following is the percentage change in net income from Year 2 to Year 3? 25.0% (30.0%) 20.0% (200%)