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3. Olivera Company provides the following data for the year 2013: Sales revenue Sales returns and allowances Sales discounts Cost of goods sold Operating expenses
3. Olivera Company provides the following data for the year 2013: Sales revenue Sales returns and allowances Sales discounts Cost of goods sold Operating expenses Income tax expense $400,000 $1,200 $800 $255,000 $95,000 $9,000 VO Refer to Table 18-1. On a vertical analysis, what percentage would be shown for cost of goods sold?D A) 59.4% B) 61.0% C) 63.4% D) 64.1% 4. Refer to Table 18-1. On a vertical analysis, what percentage would be shown for gross margin?A A) 35.9% B) 35.6% C) 56.1% D) 44.1% 5. Pinto Corporation reported sales of $895,000 and its accounts receivable balance increased $13,500 during the same period. Cash collections from customers for the period were: 4) $13,500 B) $895,000 C) $908,500 D) $881,500
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