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Two Income Statements for Toby Sam Enterprises Are Shown Below

Question 177

Multiple Choice

Two income statements for Toby Sam Enterprises are shown below.​Prepare a vertical analysis of Toby Sam Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue? Two income statements for Toby Sam Enterprises are shown below.​Prepare a vertical analysis of Toby Sam Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue? A) increased by 5% B) increased by 111% C) decreased by 5% D) decreased by 111%


A) increased by 5%
B) increased by 111%
C) decreased by 5%
D) decreased by 111%

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