[Answered] A comparison of items on the income statement to gross sales is called a vertical analysis. ...

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kellyjaisingh

Hero Member
Posts: 540

on: Jun 24, 2018

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

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Mollythedog

Sr. Member
Posts: 340

Reply #1 on: Jun 24, 2018

Answer to Question 1

FALSE

Answer to Question 2

FALSE

kellyjaisingh

Member
Posts: 540

Reply 2 on: Jun 24, 2018

TYSM

mjenn52

Member
Posts: 351

Reply 3 on: Yesterday

Great answer, keep it coming

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