Please Refer to the Vertical Analysis of Income Statement Data

question 99

Multiple Choice

Please refer to the vertical analysis of income statement data shown below:

The figure 8.5% shown for profit in 2016 signifies that:

• A) in 2016, Profit is equal to 8.5% times Profit before tax.
• B) in 2016, Profit is equal to 8.5% of Revenues.
• C) in 2016, Profit is up 8.5% versus the previous year.
• D) in 2016, Profit is 8.5% of Gross profit.

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