Sales revenue is used as the base for vertical analysis percentages on the income statement.

Name: Sales revenue is used as the base for vertical analysis percentages on the income statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Yes, sales revenue is typically used as the base for vertical analysis percentages on the income statement, as it is the main source of income for most businesses. This allows for comparison and analysis of different expense categories and their proportion to the overall revenue.

Sales Revenue Is Used as the Base for Vertical Analysis