Homework Answers
a) Vertical analysis income statement of AT& T Company
| Particulars | Amount | Percentages (%) |
| Revenues | $ 163,786 | 100% |
| Cost of service | $ 76,884 | 46.9% |
| Gross margin | $ 86,902 | 53.1% |
| Selling, general and administrative expenses | $ 36,347 | 22.2% |
| Depreciation and other expenses | $ 26,208 | 16% |
| operating income | $ 24,347 | 14.9% |
b) Vertical analysis income statement of Verizon company
| Particulars | Amount | Percentages (%) |
| Revenues | $ 125,980 | 100% |
| Cost of service | $ 51,424 | 40.8% |
| Gross margins | $ 74,556 | 59.2% |
| Selling, general and administrative expenses | $ 31,569 | 25.1% |
| Depreciation and other expenses | $ 15,928 | 12.6% |
| operating income | $ 27,059 | 21.5% |
C) Statement 1 is correct because the operating income ratio of Verizon us 21.5% where as for AT & T is 14.9%.
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