In a vertical analysis of the income statement,the 100% amount is
A)net income.
B)gross profit.
C)operating income.
D)net sales.

Name: In a vertical analysis of the income statement,the 100% amount is A)net income. B)gross profit. C)operating income. D)net sales.
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Question

Quizplus · Accepted Answer

In a vertical analysis of the income statement, the 100% amount is typically Net Sales. This is because all other amounts on the income statement are typically expressed as a percentage of net sales.

In a Vertical Analysis of the Income Statement,the 100% Amount