Multiple Choice
Oglethorpe Company reports the following information from the vertical analysis of their income statement: Profit:
4.2 % in 2017
3.9% in 2016
Which of the following statements could be logically concluded from the above data?
A) The company's total profit increased by 0.3% in 2017.
B) The company has improved the profit they make per dollar of sales in 2017.
C) The company made higher profit in 2017 than in 2016.
D) The company made a higher gross profit in 2017 than in 2016.
Correct Answer:
Verified
Correct Answer:
Verified
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