In vertical analysis of an statement of income, the 100% figure is
A)net income.
B)cost of goods sold.
C)gross profit.
D)sales.

Question

Quizplus · Accepted Answer

In vertical analysis of an income statement, the 100% figure is typically sales (or total revenue). This approach involves expressing each item on the income statement as a percentage of total sales, allowing for easier comparison and analysis across different periods or companies.

In Vertical Analysis of an Statement of Income, the 100