Question: Presented below is selected data from the financial statements of Tyler Corporation for the current and prior year: 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total
Presented below is selected data from the financial statements of Tyler Corporation for the current and prior year:
| 12/31/20X2 | 12/31/20X1 | |
| Current assets | $330,000 | $220,000 |
| Total assets | $2,300,000 | $1,950,000 |
| Current liabilities | $195,000 | $180,000 |
| Total liabilities | $1,190,000 | $1,180,000 |
| Total stockholders' equity | $1,110,000 | $770,000 |
| Net sales | $5,200,000 | $3,900,000 |
| Cost of Goods Sold | $3,800,000 | $2,690,000 |
| Wages expense | $953,000 | $869,000 |
| Supplies expense | $60,000 | $50,000 |
| Depreciation expense | $35,000 | $32,000 |
| Interest expense | $12,000 | $9,000 |
| Net income | $340,000 | $250,000 |
A vertical analysis of the data on an income statement would show (select all that apply):
| A. | Cost of goods sold increased 40.89% from 20X1 to 20X2. | |
| B. | The net profit margin for 20X2 is 6.54% | |
| C. | Supplies expense increased 20% from 20X1 to 20X2. | |
| D. | The debt ratio was 51.74 % in 20X2. | |
| E. | Cost of goods sold in 20X2 is 73% of net sales. | |
| F. | Net income increased 36% from 20X1 to 20X2. | |
| G. | Current assets in 20X2 equals14.4. | |
| H. | The current ratio for 20X1 is 1.22. |
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