To perform a vertical analysis of an income statement,you would divide each line item on the statement by:
A)sales.
B)cost of goods sold.
C)operating expenses.
D)net income.

Name: To perform a vertical analysis of an income statement,you would divide each line item on the statement by: A)sales. B)cost of goods sold. C)operating expenses. D)net income.
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Question

Quizplus · Accepted Answer

The common size income statement reports each income statement item as a percentage of sales.

To Perform a Vertical Analysis of an Income Statement,you Would