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Assume you are a financial analyst at Saudi Arabian Oil Company (Saudi Aramco). You are tasked with preparing a vertical income statement for the fiscal

Assume you are a financial analyst at Saudi Arabian Oil Company (Saudi Aramco). You are tasked with preparing a vertical income statement for the fiscal year 2023. Utilize the following income statement data:

  • Operating Revenues: SAR 15,000,000
  • Operating Expenses: SAR 8,000,000
  • Net Income: SAR 7,000,000

Present the income statement items as a percentage of total revenues, clearly indicating the components of operating revenues, operating expenses, and net income.

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