In vertical analysis of an income statement, the 100% figure is
A)profit.
B)cost of goods sold.
C)gross profit.
D)net sales.

Name: In vertical analysis of an income statement, the 100% figure is A)profit. B)cost of goods sold. C)gross profit. D)net sales.
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Question

Quizplus · Accepted Answer

In vertical analysis of an income statement, the 100% figure represents the net sales. The other options listed are either represented as a percentage of net sales or are not relevant in this context.

In Vertical Analysis of an Income Statement, the 100% Figure