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The vertical analysis statement of Peterson,Inc.is as shown below:
The 20% shown for net income in 2017 signifies that net income ________.
Discount
A reduction applied to the usual cost of goods or services.
Markup Rate
The percentage added to the cost price of goods to cover overhead and profit.
Markup
The amount added to the cost price of goods to cover overhead and profit.
Rectangular Room
A prism-shaped space with four walls at right angles to each other, typically used to describe a standard room shape.
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