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    Exam 14: Performance Measurement
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    In Vertical Analysis of an Income Statement, the 100% Figure
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In Vertical Analysis of an Income Statement, the 100% Figure

Question 52

Question 52

Multiple Choice

In vertical analysis of an income statement, the 100% figure is


A) net income.
B) cost of goods sold.
C) gross profit.
D) net sales.

Correct Answer:

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