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Year to year percentage changes in line items from comparative financial statements is called: benchmarking. horizontal analysis. vertical analysis. common-size financial statements. Which of the

Year to year percentage changes in line items from comparative financial statements is called:

benchmarking.

horizontal analysis.

vertical analysis.

common-size financial statements.

Which of the following is typically used as the base in a vertical analysis of an income statement?

gross profit

operating income

net income

net sales

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