Question
Which of the following is true of vertical analysis? a. Each item on the balance sheet is expressed as a percentage of total liabilities b.
Which of the following is true of vertical analysis?
a. Each item on the balance sheet is expressed as a percentage of total liabilities
b. Each item in the income statement is divided by net sales.
c. Each item in the income statement is expressed as a percentage of net income.
d. The amount of increase or decrease for each item in the income statement is divided by net sales.
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
