In a vertical analysis of a statement of profit or loss,the 100% figure would be assigned to:
A) sales.
B) gross profit.
C) expenses.
D) net profit.

Question

Quizplus · Accepted Answer

In a vertical analysis of a statement of profit or loss, the 100% figure is typically assigned to sales (or total revenue). This allows for the analysis of each component of the statement as a percentage of total sales, facilitating comparisons across periods and companies.

In a Vertical Analysis of a Statement of Profit or Loss,the