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1. In a vertical analysis of the income statement, the 100% amount is: a.) net income b.) net sales c.) gross profit d.) operating income
1. In a vertical analysis of the income statement, the 100% amount is:
a.) net income
b.) net sales
c.) gross profit
d.) operating income
2. In a vertical analysis of the balance sheet, the 100% amount is:
a.) current assets
b.) total stockholders' equity
c.) working capital
d.) total assets
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