The Vertical Analysis Statement of Peterson,Inc

question 21

Multiple Choice

The vertical analysis statement of Peterson,Inc.is as shown below: The 20% shown for net income in 2017 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

---

Definitions:

Unfair Competition

Business conduct deemed unethical or deceptive, infringing on another's business rights or attempting to mislead consumers.

Intimidation

The act of making someone fearful or overawed, especially in order to influence their behavior or decisions.

Intentional Infliction

The deliberate action by one party meant to cause distress or harm to another party.

Mental Suffering

A state of distress or discomfort resulting from mental or emotional strain.