vertical analysis of income statements
revenue this year $450,000 last year $360,000
CGS this year $270,000 last year $240,000
Labor exp this year $60,000 last year $40,000
Operating income this year $27,000 last year $26,000
Income tax expense this year $5,400 last year $3,600
what does a vertical analysis of income statements show regarding this year's activity compared to last year's activity?
A a favorable change in operating income this year
b a favorable chang in CGS this year
c a 20% increase in revenue this year
d a favorable change in labor expense this year
Answers
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Posted 24 Sep 2017 06:09 PM
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