In vertical analysis,each item is expressed as a percentage of:
A)Net income on the income statement.
B)Net sales on the income statement.
C)Total expenses on the income statement.
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

In vertical analysis, each item is expressed as a percentage of net sales on the income statement. This allows for easier comparison of expenses and revenues over time and across companies.

In Vertical Analysis,each Item Is Expressed as a Percentage Of