In a vertical analysis of the income statement, the base or 100% number is a. net sales. b. total assets. c. total expenses. d. net income. The high-low method is often employed in separating a variable costs. b. mixed costs. c. fixed costs. d conversion costs. The proceeds from the issuance of common stock would be reported in the following section of the statement of cash flows: a. noncash investing and financing activities b. operating, activities c. investing activities d. financing activities