Question
Mussa Corporation reports the followingdata: Net sales- $ 270,000 Cost of goods sold- 170,000 Gross profit- $ 100,000 In verticalanalysis, the cost of goods sold
Mussa Corporation reports the followingdata:
Net sales- $ 270,000
Cost of goods sold- 170,000
Gross profit- $ 100,000
In verticalanalysis, the cost of goods sold percentage is closestto: (Round your final answer to the nearest wholepercentage)
A.
170%.
B.
63%.
C.
37%.
D.
59%.
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College Accounting
Authors: James A Heintz, Robert W Parry
20th Edition
538745215, 978-1111624743
