Question
using vertical analysis of the income statement a company's net income as a percentage of sales is the 15% therefore the cost of goods sold
using vertical analysis of the income statement a company's net income as a percentage of sales is the 15% therefore the cost of goods sold as a percentage of sales must be 85%
true or false
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
