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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 13: Financial Statement Analysis
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    In Vertical Analysis,each Item Is Expressed as a Percentage Of
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In Vertical Analysis,each Item Is Expressed as a Percentage Of

Question 89

Question 89

Multiple Choice

In vertical analysis,each item is expressed as a percentage of:


A) Total expenses on the income statement.
B) Net income on the income statement.
C) Sales on the income statement.
D) None of these answers is correct.

Correct Answer:

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