Answer to Question #246875 in Accounting for Another you

Question

A. Choose the letter that corresponds the correct answer.

1.) Vertical Analysis of the statement of financial condition is also known as:

A. Common-size statement of financial position

B. Common-size statement of income

C. Common-size financial performance

D. Vertical SFP

2. The base amount used in a vertical comprehensive income stayement analysis is:

A. Cost of Sales

B. Total Sales

C. Net Sales

D. Gross Profit

Answer 1

1) A. Common-size statement of financial position

2) C. Net Sales