_____ analysis expresses each item on the income statement as a percentage of a specified base (usually sales).
A)Percentile
B)Vertical percentage
C)Breakeven
D)Horizontal percentage

Question

Quizplus · Accepted Answer

Vertical percentage analysis, also known as common size analysis, involves expressing each item on the income statement as a percentage of a single base amount, typically sales, to allow for easier comparison across periods or with other companies.

_____ Analysis Expresses Each Item on the Income Statement as a Percentage