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Sales for 2019 and 2020 are $100 and $200, respectively. Cost of goods sold for 2019 and 2020 are $70 and $120, respectively. Group of
Sales for 2019 and 2020 are $100 and $200, respectively. Cost of goods sold for 2019 and 2020 are $70 and $120, respectively.
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The average percentage of cos of goods sold relative to sales is 65%.
The percentages of cost of goods sold relative to sales for 2019 and 2020 are 70% and 60% respectively.
which is true?
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