Question 13 (1 point) A vertical analysis is being conducted for TTG Ltd. Sur Ltd. Income Statement Year Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Operating expenses Operating income Income tax expense Net income 2018 2019 2020 $ 732,000 $ 782,000 S 852,000 439,200 461,380 482.560 292,800 320,620 369,440 109,800 109,480 124,800 36,600 46,920 41,600 146,400 164,220 203,040 51,240 57,477 64,064 95.160 106,743 138,976 Based on the above comparative income statement, what percentage will 2020 operating income be shown as? (Round to the nearest percent.) 43% The Trick o Youkea Peon's Question 16 (1 point) Selected ratios for the current year for three companies in the office furniture industry follow: Ratio Youkea The Trick Peon's Dividend Yield 2.1% 3.0% 0.8% Price Earnings 23.6 times 18.7 times 28.2 times Payout Ratio 3.6% 4.4% 2.0% Debt to Assets 62% 73% 65% Return on Equity 25.7% 29.7% 26% Based on the above ratios which company would investors choose if dividend income was desired? Youkea 0 o The Trick Peon's a None of the above. Question 17 (1 point) Selected ratios for the current year for three companies in the office furniture industry follow: Ratio The Trick Youkea Peon's Dividend Yield 3.0% 2.1% 0.8% Price Earnings 23.6 times 18.7 times 28.2 times Payout Ratio 3.6% 4.4% 2.0% Debt to Assets 62% 73% 65% Return on Equity 25.7% 29.7% 269 Based on the above ratios which company has used leverage to increase its return to investors? O None of the above. O Youkea o The Trick Peon's