Question: In performing vertical analysis, the base for inventory is: A) total liabilities and stockholders' equity. B) total assets. C) total cash and cash equivalents. D)

In performing vertical analysis, the base for inventory is:

A) total liabilities and stockholders' equity.

B) total assets.

C) total cash and cash equivalents.

D) total current assets.

In performing vertical analysis, the base for income before taxes is:

A) net income.

B) gross sales.

C) gross profit.

D) net sales.

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