Question
Mussa Corporation reports the following data: Net sales $270,000 Cost of goods sold 180,000 Gross profit $90,000 In vertical analysis, the cost of goods sold
Mussa Corporation reports the following data:
| Net sales | $270,000 |
| Cost of goods sold | 180,000 |
| Gross profit | $90,000 |
In vertical analysis, the cost of goods sold percentage is closest to: (Round your final answer to the nearest whole percentage)
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Contemporary Auditing
Authors: Michael C. Knapp
8th edition
978-0538466790, 538466790, 978-1285066608
