17. In doing vertical analysis for the income statement, what is every item divided by?

a. Sales

b. Cost of Goods Sold

c. Gross profit

d. Net Income

18. In doing vertical analysis for the balance sheet, what is every item divided by?

a. Current Assets

b. Total Assets

c. Current Liabilities

d. Total Liabilities

19. Which ratios measure leverage?

a. activity ratios

b. liquidity ratios

c. profitability ratios

d. debt ratios

20. The check mark with a slash through it in working papers is called

a. tick marks

b. working paper marks

c. a checkmark

d. a symbol