In vertical analysis,each item on an income statement is expressed as a percentage of sales.

Name: In vertical analysis,each item on an income statement is expressed as a percentage of sales.
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This statement is true. Vertical analysis involves expressing items on a financial statement as a percentage of a common base, such as sales. On an income statement, each item is expressed as a percentage of total sales, allowing for easy comparison of the relative importance of each expense or revenue item.

In Vertical Analysis,each Item on an Income Statement Is Expressed