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Oglethorpe Company Reports the Following Information from the Vertical Analysis

Question 31

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of their income statement: Profit:
4.2 % in 2017
3.9% in 2016
Which of the following statements could be logically concluded from the above data?


A) The company's total profit increased by 0.3% in 2017.
B) The company has improved the profit they make per dollar of sales in 2017.
C) The company made higher profit in 2017 than in 2016.
D) The company made a higher gross profit in 2017 than in 2016.

Correct Answer:

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