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The following line items are from the vertical analysis of an income statement: Amount Percent $300 300% Total revenues Total expenses Net income 200 200
The following line items are from the vertical analysis of an income statement: Amount Percent $300 300% Total revenues Total expenses Net income 200 200 100% $100 What needs to be changed on the statement? O a. The percentage for total expenses should be 33%. O b. Total revenues should be the base expressed as 100%. O c. The percentage for net income should 25%. O d. None of these choices are correct
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