In performing a vertical analysis, the base for sales revenues on the income statement is
A) net sales.
B) sales revenue.
C) net income.
D) cost of goods available for sale.

Name: In performing a vertical analysis, the base for sales revenues on the income statement is A) net sales. B) sales revenue. C) net income. D) cost of goods available for sale.
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Question

Quizplus · Accepted Answer

In vertical analysis of an income statement, each item is expressed as a percentage of net sales, which serves as the base.

In Performing a Vertical Analysis, the Base for Sales Revenues