Please Refer to the Vertical Analysis of Income Statement Data

question 133

Multiple Choice

Please refer to the vertical analysis of income statement data shown below: The figure 47.0% shown for Gross profit in 2014 signifies that:

• A)in 2014, gross profit is equal to 47% of net income.
• B)in 2014, gross profit is up 47% versus the previous year.
• C)in 2014, gross profit is 47% of net sales revenue.
• D)in 2014, gross profit is 47% of cost of revenues.

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Definitions:

Web Herding

The phenomenon where individuals' decisions or behaviors are influenced en masse through the Internet, often through social media or online reviews.

Functionalist

A viewpoint in both sociology and anthropology that sees society as a system comprised of interconnected components, which function to fulfill the social and biological requirements of its members.

Mass Media

Various forms of communication mediums, such as television, radio, newspapers, and the Internet, that reach a large audience.

Mass Media

Various forms of communication, such as television, radio, newspapers, and the internet, that reach large audiences simultaneously, playing a significant role in shaping public opinion and culture.