Question
If a company's income statement showed net sales equal to $780,000, gross margin of $390,000, and net income of $97,500, then a vertical analysis of
If a company's income statement showed net sales equal to $780,000, gross margin of $390,000, and net income of $97,500, then a vertical analysis of the income statement would show a percentage figure for net income equal to:
A) 12.5%
B) 100%
C) 25%
D) 15.0%
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
