The Vertical Analysis of the Income Statement of Bates, Inc

question 22

Multiple Choice

The vertical analysis of the income statement of Bates, Inc. is as shown below: The figure 47.0% shown for gross profit in 2019 signifies that the gross profit is ________.

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

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Definitions:

Node Class

A class that represents a single point or element in various data structures, encapsulating data and references.

Java Statements

Instructions in Java programming that represent one step of computation, such as declaring a variable or calling a method.

Inorder Traversal

A method of traversing a binary tree in which nodes are visited in the order of left subtree, root, then right subtree.

Binary Search Tree

A data structure that stores items (such as numbers) in an organized way, where each node has up to two children, and for any given node, its left descendants are less than the node and its right descendants are greater.