The following are line items from the vertical analysis of an income statement: amount percent total revenues $600 300% total expenses 400 200 net income $200 100% what needs to be changed on the statement? a. the percentage for net income should 25%. b. total revenues should be the base expressed as 100%. c. the percentage for total expenses should be 33%. d. none of these changes should be made.

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: