The Vertical Analysis of the Income Statement of Bates,Inc

question 150

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:

Abdominal Subcutaneous

Refers to the injection or placement of substances into the subcutaneous layer in the abdominal area, often used for consistent absorption of medications.

Zone

An area or stretch of land having a particular characteristic, purpose, or use, or subject to particular restrictions.

Common Diluents

Substances used to dilute a drug or agent, reducing its concentration without affecting its therapeutic action.

Injectable Medications

Medicines that are administered through a needle or syringe directly into the body's tissues, bypassing the digestive system.