The Vertical Analysis Statement of Peterson,Inc

question 150

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

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Definitions:

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