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Vertical analysis of comparative income statements would show cost of goods sold as a percentage of a. total assets. merchandise inventory. net...

9.        Vertical analysis of comparative income statements would show cost of goods sold as a percentage of

a.        total assets.

b.        merchandise inventory.

c.        net sales.

d.        net income.

10.      A measure of the ability of an enterprise to survive over a long period of time is a

a.        liquidity ratio.

b.        solvency ratio.

c.        current ratio.

d.        profitability ratio.

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