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The Vertical Analysis of the Income Statement of Bates,Inc

Question 62

Multiple Choice

The vertical analysis of the income statement of Bates,Inc.is as shown below:
The vertical analysis of the income statement of Bates,Inc.is as shown below: The figure 47.0% shown for gross profit in 2019 signifies that the gross profit is ________. A) equal to 47.0% of net income B) increased by 47.0% over the previous year C) 47.0% of net sales revenue D) 47.0% of cost of goods sold
The figure 47.0% shown for gross profit in 2019 signifies that the gross profit is ________.


A) equal to 47.0% of net income
B) increased by 47.0% over the previous year
C) 47.0% of net sales revenue
D) 47.0% of cost of goods sold

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