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The following information is taken from the financial statements of a company for the current year: Current assets $402,000 Total assets 897,000 Cost of good
The following information is taken from the financial statements of a company for the current year: |
Current assets | $402,000 |
Total assets | 897,000 |
Cost of good sold | 657,000 |
Gross Profit | 207,000 |
Net income | 127,000 |
On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold? |
24%
76%
19%
31%
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