Which one of the following statements is NOT true?

Group of answer choices

Gross profit margin indicates for every $100 sales revenue, how much gross profit a business can get.

Horizontal analysis compares numbers in different reporting periods to identify the trend over the years.

Vertical analysis in the Income Statement assesses profitability to check the ability of the business to convert sales revenue into profit.

Vertical analysis compares numbers in different reporting periods to identify the trend over the years.