asked 125k views
1 vote
Comparing each item on a financial statement with a total amount from the same statement is referred to as

1 Answer

4 votes

Answer: vertical analysis

Step-by-step explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

answered
User Jonathan King
by
7.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.