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The Vertical Analysis of the Income Statement of Settler, Inc

question 113

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The vertical analysis of the income statement of Settler, Inc. is as shown below: The vertical analysis of the income statement of Settler, Inc. is as shown below:   The 20% shown for net income in 2019 signifies that net income ________. A)  is 20% of net sales revenues B)  increased by 20% over the previous year C)  is 20% of gross profit D)  equals 20 times of the income before income tax The 20% shown for net income in 2019 signifies that net income ________.


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