2017	% of Sales
Sales	1,000,000	B
COGS	300,000	C
Gross Profit	A	D

1) If revenue is used as the base-figure in performing vertical analysis, what would be the values for A, B, C and D in the table above?

Select one:

a. A = 700,000; B = 100%; C = 70%; D = 30%

2) Which is a way to analyze a companys financial statements?

Select one:

a. Perform a horizontal analysis of the financial statements, looking at trends or the relationship between items.

b. Calculate ratios based on the numbers from a companys financial statements.

c. All of the available choices.

d. Perform a vertical analysis of the financial statements, looking at trends or the relationship between items.

b. A = 700,000; B = 100%; C = 30%; D = 70%

c. A = 970,000; B = 100%; C = 97%; D = 3%

d. A = 970,000; B = 100%; C = 3%; D = 97%