Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 34

In examining Luke Company's current period income statement, you notice that Research and Development expenses are 62% of sales revenue. Luke has most likely provided
A) a horizontal analysis.
B) a vertical analysis using sales as the base.
C) a horizontal analysis using sales as the base.
D) a vertical analysis using net income as the base.
E) none of the above.