In performing vertical analysis, the base for income tax expense is. O A. gross profit. O B. net income. O C. gross revenues. OD. net sales Horizontal analysis is performed on information from O A. only the balance sheet OB. only the statement of cash flows OC. only the income statement OD. the income statement, the balance sheet, and the statement of cash flows. Cash flow signs of a healthy company do NOT include: O A. operating activities represent the major source of cash OB. borrowing 5100 million and repaying $15 million OC. Investing activities include more purchases than sales of long-term assets O D. net cash provided by operating activities exceeds net income The ratio that measures a company's success in using its assets to eam income for the persons who finance the business is the O A. times interest - earned ratio O B. leverage O C. rate of return on total assets. OD. debt ratio Bryanwood Company reports the following data: Percentage Change from 2016 to 2017 Sales 12% Cost of Goods Sold Gross Profit Operating Expenses 120 Based on the above information, what can be said about the company's business strategy? O A. The company has fewer sales in 2017 than 2016 OB. The company has successfully undertaken some cost-cutting measures for operating expenses O C. The company has lost control of operating expenses. OD. The company has reduced cost of goods sold. How is the percentage change (for horizontal analysis) for sales from 2016 to 2017 computed? O A. (Year 2017 sales - Year 2016 sales) - Year 2016 sales OB. (Year 2017 sales - Year 2016 sales) x 100 OC. Year 2017 sales - Year 2016 sales OD. (Year 2017 sales - Year 2016 sales) - Year 2017 sales