Question: Vertical analysis is a technique that expresses each item in a financial statement: as a percent of the item in the previous year. as a

Vertical analysis is a technique that expresses each item in a financial statement:

Vertical analysis is a technique that expresses each item in a financial

as a percent of the item in the previous year.

statement: as a percent of the item in the previous year. as

as a percent of a base amount.

a percent of a base amount. starting with the highest value down

starting with the highest value down to the lowest value.

to the lowest value. in dollars and cents.

in dollars and cents.

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