-Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Robbins Corporation?
A) Accounts receivable increased $10,000 or 40.00% during 2017.
B) Total assets increased $45,000 during 2017.
C) Cost of goods sold is 59.52% of net sales for 2017.
D) Cost of goods sold increased 19.05% during 2017.

Question

-Which of the following results would be found through a vertical analysis of the balance sheet or the income statement of Robbins Corporation?
A) Accounts receivable increased $10,000 or 40.00% during 2017. 
B) Total assets increased $45,000 during 2017. 
C) Cost of goods sold is 59.52% of net sales for 2017. 
D) Cost of goods sold increased 19.05% during 2017.

Quizplus · Accepted Answer

Cost of goods sold is 59.52% of sales ($250,000 / $420,000). The remaining responses are examples of horizontal analysis.

-Which of the Following Results Would Be Found Through a Vertical