Question
Olivera Company provides the following data for the year 2013: Net Sales Revenue: $398,000 Cost of goods sold $255,000 Operating Expenses: $95,000 Income Tax Expense:
Olivera Company provides the following data for the year 2013: Net Sales Revenue: $398,000
Cost of goods sold $255,000
Operating Expenses: $95,000
Income Tax Expense: $9,000 On a vertical analysis, what percentage would be shown for operating expenses?
A. 22.9%
B. 24.5%
C. 23.9%
D. 66.4%
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
