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please answer QUESTION 23 Given the following information, what is the correct Excel formula to prepare a Vertical Analysis in cell C4? U 4 Sales

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QUESTION 23 Given the following information, what is the correct Excel formula to prepare a Vertical Analysis in cell C4? U 4 Sales $ 600,000 5 Less: COGS (400,000) 6 Gross Margin 200,000 7 Expenses (50,000) 8 Net income 150,000 -CAICA O EC4/C8 =C4/SC$4 =C4/5C$8

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