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How do perform a vertical analysis of the income statement

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Problem 1: John soccer shop's income statement reports sales of $100,000; cost of goods sold of $46,000, operating expense of $ 34,000, interest expense of $15,000, income tax expense of $2000, and net income of $3000. If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by

Reference no: EM132714570

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