Expressing gross margin for 2017 as a percentage of net sales in 2017 is an example of:
A) vertical analysis
B) horizontal analysis
C) ratio analysis
D) economic value added

Name: Expressing gross margin for 2017 as a percentage of net sales in 2017 is an example of: A) vertical analysis B) horizontal analysis C) ratio analysis D) economic value added
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Question

Quizplus · Accepted Answer

Vertical analysis involves expressing each item in a financial statement as a percentage of a base amount, such as net sales.

Expressing Gross Margin for 2017 as a Percentage of Net