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QUESTION 11 In a Vertical Analysis income statement, the 100% figure is a. gross profit. b. net sales. C.net income. d.cost of goods sold. QUESTION

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QUESTION 11 In a Vertical Analysis income statement, the 100% figure is a. gross profit. b. net sales. C.net income. d.cost of goods sold. QUESTION 12 Which of the following represents the largest number of common shares? a. Authorized shares b. Treasury shares O C. Issued shares d. Outstanding shares

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