In a vertical analysis of the income statement, the 100% amount is
A) Net income
B) Gross profit
C) Operating income
D) Net sales

Name: In a vertical analysis of the income statement, the 100% amount is A) Net income B) Gross profit C) Operating income D) Net sales
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In a vertical analysis of the income statement, the 100% amount is typically assigned to net sales, since all other items on the income statement are expressed as a percentage of net sales.

In a Vertical Analysis of the Income Statement, the 100