Two income statements for Toby Sam Enterprises are shown below: Prepare a vertical analysis of Toby Sam Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue?
A)increased by 5%
B)increased by 111%
C)decreased by 5%
D)decreased by 111%

Question

Two income statements for Toby Sam Enterprises are shown below:  Prepare a vertical analysis of Toby Sam Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue?
A)increased by 5% 
B)increased by 111% 
C)decreased by 5% 
D)decreased by 111%

Quizplus · Accepted Answer

The Answer of Two income statements for Toby Sam Enterprises are shown below:  Prepare a vertical analysis of Toby Sam Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue?
A)increased by 5% 
B)increased by 111% 
C)decreased by 5% 
D)decreased by 111%

Two Income Statements for Toby Sam Enterprises Are Shown Below