Which is an example of vertical analysis

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Problem 1: Which of the following is an example of vertical analysis?

Option 1: Calculating the current ratio to the industry average.
Option 1: Comparing the client's return on investment (ROI) to the ROI last year.
Option 1: Comparing actual sales to budgeted sales for the last 2 years.
Option 1: Calculating the percentage of cost of sales to sales.

Reference no: EM133000734

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