Multiple Choice
Which of the following is not true of vertical analysis?
A) Each item on the balance sheet is expressed as a percentage of total liabilities.
B) The percentages can be added and subtracted from top to bottom.
C) Each item in the income statement is expressed as a percentage of net sales.
D) Each item on the balance sheet is expressed as a percentage of total assets.
Correct Answer:
Verified
Correct Answer:
Verified
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