Question: select the correct statement regarding verticle analysis: answer choices: Vertical analysis of the income statement involves showing each item as a percentage of sales Vertical

select the correct statement regarding verticle analysis:
answer choices:
Vertical analysis of the income statement involves showing each item as a percentage of sales
Vertical analysis of the income statement involves showing each item as a percentage of total assets
Vertical analysis examines two or more items from the financial statements of one accounting period
All of the answers are correct

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