Write true if the statement is correct. If it is not, write False and state the reason.

5. If total assets decrease against last year's figures, then the total assets of .current year under the vertical analysis will have negative 100% proportional component. 6. If there are sales returns and allowances, gross sales will represent as having 100% proportional percentage. 7. The salaries and wages in 2018 statement of comprehensive income that is 15 % greater than it was in 2017 indicate a common -size analysis. 8. An increase in gross profit will result in increase in the net income. 9. The concern of vertical analysis is the proportion of an item in relation to the total. 10. The result of vertical analysis become more significant if they are compared with the industry index. CODICK