On financial statements that include vertical analysis, which of the following is set at 100%?
A) total liabilities
B) net income
C) total assets
D) cost of goods sold

Name: On financial statements that include vertical analysis, which of the following is set at 100%? A) total liabilities B) net income C) total assets D) cost of goods sold
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Question

Quizplus · Accepted Answer

In vertical analysis of a balance sheet, total assets are set at 100% and all other items are expressed as a percentage of total assets.

On Financial Statements That Include Vertical Analysis, Which of the Following