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The financial results for Madison Manufacturing, Inc. are shown below: 2019 2018 2017 Sales trend 122.0 115.0 100.0 Current ratio 2.5 2.3 2.2 Gross profit

The financial results for Madison Manufacturing, Inc. are shown below:

2019

2018

2017

Sales trend

122.0

115.0

100.0

Current ratio

2.5

2.3

2.2

Gross profit ratio

46.0%

48.2%

49.1%

The line item sales trend above is an example of:

Multiple Choice

  • ratio analysis

  • vertical analysis

  • inventory analysis

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