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Two Income Statements for PS Enterprises Are Shown Below

Question 59

Multiple Choice

Two income statements for PS Enterprises are shown below: Two income statements for PS Enterprises are shown below: Prepare a vertical analysis of PS Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue? A) Yes, increased by 5%. B) Yes, increased by 111%. C) No, decreased by 5%. D) None are correct. Prepare a vertical analysis of PS Enterprises' income statements. Has operating income increased or decreased as a percentage of revenue?


A) Yes, increased by 5%.
B) Yes, increased by 111%.
C) No, decreased by 5%.
D) None are correct.

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