In Performing a Vertical Analysis the Base for Sales Revenues

question 127

Multiple Choice

In performing a vertical analysis the base for sales revenues on the income statement is

• A) net sales.
• B) sales.
• C) net income.
• D) cost of goods available for sale.

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Definitions:

Dividend Payment

A payout of part of a firm's profits, determined by its board of directors, and given to its stockholders.

Ex-Dividend Date

Date two business days before the date of record, establishing those individuals entitled to a dividend.

Market Value

The current quoted price at which an asset or a company can be bought or sold on the open market.

Declaration Date

Date on which the board of directors passes a resolution to pay a dividend.