I: Vertical analysis all accounts are presented as percentage of total assets in Balance sheet II: Vertical analysis all accounts are presented as percentage of net sales in Income statement A) Only II is true Only I is true Both I and II are false Both I and Il are true

I: Vertical analysis all accounts are presented as percentage of total assets in Balance sheet II: Vertical analysis all accounts are presented as percentage of net sales in Income statement A) Only II is true Only I is true Both I and II are false Both I and Il are true

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 11MCQ

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Question

I: Vertical analysis all accounts are presented as percentage of total assets in Balance sheet
II: Vertical analysis all accounts are presented as percentage of net sales in Income statement
A) Only Il is true
B
Only I is true
Both I and Il are false
D) Both I and II are true

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