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ABC Co. provides the following data for the year 2022: Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Revenue Cost of Goods Sold
ABC Co. provides the following data for the year 2022: Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Revenue Cost of Goods Sold $400,000 1,200 800 $398,000 $255,000 Using vertical analysis, how much is cost of goods sold as a percentage of the base? 63.48% 61.15% 59.42% 64.07%
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