Nyco Corp. had the following financial information at the end of its first month of operations: In performing vertical analysis, the payroll and related expenses would be expressed as
A) 31%.
B) 58%.
C) 67%.
D) 100%.

Question

Nyco Corp. had the following financial information at the end of its first month of operations:  In performing vertical analysis, the payroll and related expenses would be expressed as
A) 31%. 
B) 58%. 
C) 67%. 
D) 100%.

Quizplus · Accepted Answer

Payroll and related expenses ÷ Revenues = $28,000 ÷ $90,000 = 31%

Nyco Corp Had the Following Financial Information at the End of of Its