Excel can simplify completing a vertical analysis of an income statement because the formula to calculate percent of net sales can be entered once and then copied to all other applicable cells.

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Quizplus · Accepted Answer

This is true because once the formula is entered for one cell, it can be copied and pasted to all other cells that require the same formula. In this way, the process of completing a vertical analysis for an income statement can be significantly simplified in Excel.

Excel Can Simplify Completing a Vertical Analysis of an Income