Vertical analysis always involves comparing financial statement elements over a span of time.

Name: Vertical analysis always involves comparing financial statement elements over a span of time.
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Vertical analysis of an income statement (also called a common size income statement)involves converting each income statement component to a percentage of sales.Although vertical analysis suggests examining only one period,it is useful to compare common size income statements for several years.

Vertical Analysis Always Involves Comparing Financial Statement Elements Over a Span