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Kenny Chesney Inc. provides the following data for the year 2015: Sales Revenue $800,000 Sales Returns and Allowances 2,400 Sales Discounts 1,600 Net Sales Revenue
Kenny Chesney Inc. provides the following data for the year 2015:
Sales Revenue | $800,000 |
Sales Returns and Allowances | 2,400 |
Sales Discounts | 1,600 |
Net Sales Revenue | $796,000 |
Cost of Goods Sold | $3,000 |
On vertical analysis report, the cost of goods sold as a percentage of net sales revenue will amount to ________.
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