Question
15. Shelcal Inc. provides the following data for the year 2015: Sales Revenue $400,000 Returns, Allowances & Discounts 2,000 Net Sales Revenue 398,000 Cost of
15. Shelcal Inc. provides the following data for the year 2015:
Sales Revenue $400,000
Returns, Allowances & Discounts 2,000
Net Sales Revenue 398,000
Cost of Goods Sold 145,000
Gross Profit 143,000
On vertical analysis report, cost of goods sold as a percentage of net sales will amount to: a. 59.42% b. 61.15% c. 63.48% d. 64.07%
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Analysis For Financial Management
Authors: Robert Higgins
6th Edition
0071181172, 9780071181174
