When performing vertical analysis of an income statement,the base amount is ________.
A)total expenses
B)net sales
C)sales revenue
D)gross profit

Question

Quizplus · Accepted Answer

When performing vertical analysis of an income statement, the base amount is usually net sales. This means that each line item is expressed as a percentage of net sales, allowing for easy comparison and analysis.

When Performing Vertical Analysis of an Income Statement,the Base Amount