Using vertical analysis for the income statement, the base, set at 100%, is
A) total operating expenses.
B) net income.
C) operating income.
D) total revenues.

Name: Using vertical analysis for the income statement, the base, set at 100%, is A) total operating expenses. B) net income. C) operating income. D) total revenues.
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Question

Quizplus · Accepted Answer

In vertical analysis of an income statement, total revenues are set as the base at 100%, and all other items are expressed as a percentage of total revenues.

Using Vertical Analysis for the Income Statement, the Base, Set