Using Vertical Analysis of the Income Statement a Company's Net

question 88

True/False

Using vertical analysis of the income statement a company's net income as a percentage of net sales is 10%; therefore the cost of goods sold as a percentage of sales must be 90%.

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Definitions:

Accountants

Professionals who perform financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.