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Using vertical analysis and the information given below, and using sales as the base figure for both years, what is B? ABC Inc. Income Statement
Using vertical analysis and the information given below, and using sales as the base figure for both years, what is B? ABC Inc. Income Statement (in Millions) and Vertical Analysis For Years Ended March 31, 2022 and 2021 2022 % of Base Figure 2021 % of Base Figure Sales $3,500 100.00% $5,800 100.00% COGS E A F B Gross Profit 2,500 C 3,800 D
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