In a vertical analysis of an income statement, gross profit is assigned a percentage of 100.

Name: In a vertical analysis of an income statement, gross profit is assigned a percentage of 100.
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In a vertical analysis of an income statement, revenue is assigned a percentage of 100, and all other items, including gross profit, are expressed as a percentage of revenue. Therefore, gross profit will have a percentage that is less than 100.

In a Vertical Analysis of an Income Statement, Gross Profit