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Olivera Inc. provides the following data for the year 2015: Sales Revenue $625,000 Sales Returns and Allowances 20,000 Sales Discounts Net Sales Revenue 5,000 $600,000

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Olivera Inc. provides the following data for the year 2015: Sales Revenue $625,000 Sales Returns and Allowances 20,000 Sales Discounts Net Sales Revenue 5,000 $600,000 Assume the cost of goods sold is $350,000. On vertical analysis report, gross profit as a percentage of net sales will be O A. 44.1% OB. 56.1% OC. 41.67% OD. 35.9%

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