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The Vertical Analysis Statement of Nobell Inc

question 72

Multiple Choice

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


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