Business, 09.07.2020 04:01 joshuanieto44

Ronaldo Soccer Shop'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. $3,000

b. $46,000

c. $34,000

d. $100,000

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Ronaldo Soccer Shop's income statement reports sales of $100,000; cost of goods sold of $46,000, ope...

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