In a vertical analysis of data,the cost of goods sold most likely would be expressed as a percentage of
A) net sales.
B) net income.
C) gross profit on sales.
D) total expenses.

Question

Quizplus · Accepted Answer

In vertical analysis, all items in the financial statements are expressed as a percentage of a base figure. In this case, the cost of goods sold would be expressed as a percentage of net sales since both figures are related to revenue generation. It would give insights into the efficiency and profitability of the company's operations.

In a Vertical Analysis of Data,the Cost of Goods Sold