The vertical analysis statement of Peterson, Inc. is as shown below: The 20% shown for net income in 2017 signifies that net income ________.
A) is 20% of net sales revenues
B) increased by 20% over the previous year
C) is 20% of gross profit
D) equals 20 times of the income before income tax

Question

The vertical analysis statement of Peterson, Inc. is as shown below:  The 20% shown for net income in 2017 signifies that net income ________.
A) is 20% of net sales revenues 
B) increased by 20% over the previous year 
C) is 20% of gross profit 
D) equals 20 times of the income before income tax

Quizplus · Accepted Answer

The Answer of The vertical analysis statement of Peterson, Inc. is as shown below:  The 20% shown for net income in 2017 signifies that net income ________.
A) is 20% of net sales revenues 
B) increased by 20% over the previous year 
C) is 20% of gross profit 
D) equals 20 times of the income before income tax

The Vertical Analysis Statement of Peterson, Inc