Question
Entity A has the following Income Statement (in millions): Entity A . Income Statement For the Year Ended December 31, 2021 Net Sales $600 Cost
Entity A has the following Income Statement (in millions): Entity A . Income Statement For the Year Ended December 31, 2021 Net Sales $600 Cost of Goods Sold 250 Gross Profit 350 Operating Expenses 225 Net Income $125 Using vertical analysis, what percentage is assigned to operating expenses?
| 37.5% | ||
| 41.7% | ||
| 58.3% | ||
| 100% |
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Strategic Audits For Continuous Business Improvement
Authors: Parbatee Chang
2nd Edition
1507679483, 978-1507679487
