Question: Question 5 (Mandatory) (6 points) Vertical analysis differs from horizontal analysis by: a) Compares how assets relate to income in a percentage format, rather than
Question 5 (Mandatory) (6 points) Vertical analysis differs from horizontal analysis by: a) Compares how assets relate to income in a percentage format, rather than how income relates to assets. b) Comparing how each account compares in percentages to a common point (ex: expenses compare to sales), rather than how the expense compares to expense(ex: payroll to payroll) across a time period. Oc) Comparing how payroll compares to payroll over time, rather than comparing to one common point over time. d) Comparing the flexible budget and actual financial report for a given time frame
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