The Vertical Analysis Statement of Bateman, Inc

question 133

Multiple Choice

The vertical analysis statement of Bateman, Inc. is as shown below: The figure 47.0% shown for gross profit in 2017 signifies that the gross profit is ________.

• A) equal to 47.0% of net income
• B) increased by 47.0% over the previous year
• C) 47.0% of net sales revenue
• D) 47.0% of cost of goods sold

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Definitions:

Independent Variables

Variables in an experiment or model that are manipulated or selected by the researcher to determine their effect on dependent variables.

Quantitative Data

Information that can be measured and written down with numbers.

Categorical Data

Data that represents characteristics and can categorize inputs into identifiable segments or classes.

Experimental Studies

Research studies that manipulate conditions to examine the cause and effect relationship between variables.