Smith Floyd
02/17/2023 · Junior High School
vertical analysis, a relevant base for income statement items is which of the following? total assets net income nest of goods sold
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In vertical analysis of an income statement, the relevant base for income statement items is typically **net sales** (or total revenue). Each item on the income statement is expressed as a percentage of net sales, allowing for easy comparison across periods or with other companies.
From the options you provided, none of them directly represent the standard base for vertical analysis of an income statement. However, if you had to choose one, **net income** could be considered, but it is not the conventional base used for vertical analysis. The most common base is net sales.
If you have any further questions or need clarification, feel free to ask!
Quick Answer
The standard base for vertical analysis of an income statement is net sales.
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