Vertical analysis is used with the income statement,but not with the balance sheet.

Name: Vertical analysis is used with the income statement,but not with the balance sheet.
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Vertical analysis can be used with both the income statement and the balance sheet. It involves expressing each item on the financial statement as a percentage of a base value. This allows for easier comparison and evaluation of trends over time or between companies.

Vertical Analysis Is Used with the Income Statement,but Not with the Balance