Answered: Question 51: In the vertical analysis…

Question 51: In the vertical analysis of an income statement, what is the base (100%) figure? Answer: A. Total expenses B. Total revenues C. Total assets D. Net income

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 51: In the vertical analysis of an income statement, what is the base (100%) figure?

Answer:

Total expenses

Total revenues

Total assets

D.	Net income

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