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The vertical analysis of the income statement shows 55% for Cost of Goods Sold in 2024 and 60% for Cost of Goods Sold in
The vertical analysis of the income statement shows 55% for Cost of Goods Sold in 2024 and 60% for Cost of Goods Sold in 2025. This means, A) gross profit as a percentage will certainly decrease B) net income as a percentage will certainly increase C) gross profit as a percentage will certainly increase D) net income as a percentage will certainly decrease
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
