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If a Company's Income Statement Showed Sales Equal to $365,000,a

Question 53

Multiple Choice

If a company's income statement showed sales equal to $365,000,a gross margin of $120,000,and net income of $45,000,then a vertical analysis of the income statement would show a percentage figure for net income equal to:


A) 100.0%
B) 37.5%
C) 32.3%
D) 12.3%

Correct Answer:

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