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The Vertical Analysis of the Income Statement of Settler,Inc

Question 143

Multiple Choice

The vertical analysis of the income statement of Settler,Inc.is as shown below: The vertical analysis of the income statement of Settler,Inc.is as shown below: The 20% shown for net income in 2019 signifies that net income ________. A) is 20% of net sales revenues B) increased by 20% over the previous year C) is 20% of gross profit D) equals 20 times of the income before income tax The 20% shown for net income in 2019 signifies that net income ________.


A) is 20% of net sales revenues
B) increased by 20% over the previous year
C) is 20% of gross profit
D) equals 20 times of the income before income tax

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