Question: When performing vertical analysis, amounts are generally stated as a percentage of a base amount. Question # 1 : When performing vertical analysis for the

When performing vertical analysis, amounts are generally stated as a percentage of a base amount.
Question #1: When performing vertical analysis for the income statement, amounts will generally be stated as a percentage of which amount?
Answer: Answer 1 Question 23sales revenuegross profitoperating incomenet incometotal assetstotal liabilities
Question #2: When performing vertical analysis for the balance sheet, amounts will generally be stated as a percentage of which amount?

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