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-Which of the Following Would Result from a Vertical Analysis

Question 24

Multiple Choice

-Which of the following would result from a vertical analysis of Robbins Corporation's income statement? A) Gross margin is 40.48 % of net sales for 2017. B) Net sales increased $110,000 or 35.48% during 2017. C) Accounts receivable increased $10,000 or 40.00% during 2017. D) Cost of goods sold increased $40,000 or 19.05% during 2017.
-Which of the following would result from a vertical analysis of Robbins Corporation's income statement?


A) Gross margin is 40.48 % of net sales for 2017.
B) Net sales increased $110,000 or 35.48% during 2017.
C) Accounts receivable increased $10,000 or 40.00% during 2017.
D) Cost of goods sold increased $40,000 or 19.05% during 2017.

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