Question: Vertical analysis is comparing each item on a financial statement with a total amount from the same statement. In vertical analysis of an income statement,

Vertical analysis is comparing each item on a financial statement with a total amount from the same statement. In vertical analysis of an income statement, each item is stated as a percent of revenues earned. Review the following revenues from Starbucks. How much did total net revenues increase and what do you think this is driven by? Discuss why it is easier to compare percentages rather than dollar amount

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