Question: . 3. On financial statements that include vertical analysis, which of the following is set at 100%? (a) total liabilities (b) profit (c) total assets

. 3. On financial statements that include vertical analysis, which of the following is set at 100%? (a) total liabilities (b) profit (c) total assets (d) cost of goods sold 4. In vertical analysis of an income statement, the 100% figure is (a) profit. (b) cost of goods sold. (c) gross profit. (d) net sales

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