The Vertical Analysis Statement of Nobell Inc

question 81

Multiple Choice

The vertical analysis statement of Nobell Inc. is as below: The figure 47.0% shown for gross profit in 2016 signifies that:

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

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Definitions:

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Racial Harmony pertains to a state of peaceful coexistence and cooperation among people of different races, characterized by mutual respect and understanding.

Color-Blind Perspective

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