A comparison of items on the income statement to gross sales is ...

[kellyjaisingh]

A comparison of items on the income statement to gross sales is called a vertical analysis.
  Indicate whether the statement is true or false

Question 2

The vertical analysis of the income statement for a company that has cost of goods sold of 39,000 and net sales of 106,000 will be 27.2.
  Indicate whether the statement is true or false

[Mollythedog]

Answer to Question 1

FALSE

Answer to Question 2

FALSE

[kellyjaisingh]

Wow, this really help

[nathang24]

Thanks for the timely response, appreciate it