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Ace Electric's income statement reports Sales of $100,000; Cost of goods sold of $46,000, Operating expenses of $34,000, Interest expense of $15,000, Income tax expense of $2,000, and Net income of $3,000. If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by
a. $15,000.
b. $100,000.
c. $2,000.
d. $46,000.
e. $34,000.
f. $3,000.
b
Sagot :
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