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.

---

Definitions:

FICA Medicare

Part of the U.S. payroll tax, specifically aimed at funding Medicare, a federal health insurance program for people aged 65 and older, and some younger individuals with disabilities.