Question
In conducting vertical analysis of an income statement, what element is expressed as 100% so that all others are relative to it? Gross margin Net
In conducting vertical analysis of an income statement, what element is expressed as 100% so that all others are relative to it?
Gross margin
Net income
Net sales
Cost of goods sold
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
