Question
Shelcal Inc provides the following data for the year 2015. Sales Revenue $400,000 Sales Returns and Allowances 1,200 Sales Discounts 800 Net Sales Revenue $398,000
Shelcal Inc provides the following data for the year 2015.
Sales Revenue $400,000
Sales Returns and Allowances 1,200
Sales Discounts 800
Net Sales Revenue $398,000
Cost of Goods Sold $255,000
On vertical analysis report, the cost of goods sold as a percentage of net sales revenue will amount to ________
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
