Vertical analysis could be used to determine the dollar amount and percentage by which cost of goods sold increased this year,relative to prior years.

Name: Vertical analysis could be used to determine the dollar amount and percentage by which cost of goods sold increased this year,relative to prior years.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Vertical analysis is a method used to show each item on a financial statement as a percentage of a single base figure within the same period, not for comparing changes between different periods.

Vertical Analysis Could Be Used to Determine the Dollar Amount