Using vertical analysis what percentage is assigned to net, Ask an Expert

Accounting

Blanco, Inc. has the following income statement (in millions):
BLANCO, INC.
Income Statement
For the Year Ended December 31, 2011
Net Sales .............................. $200
Cost of Goods Sold .............................. 120
Gross Profit .............................. 80
Operating Expenses .............................. 44
Net Income .............................. $ 36

Using vertical analysis, what percentage is assigned to Net Income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M961503

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