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To follow is selected information about The Boston Company for the current year and prior year. Account Current Prior Net sales revenue $648,000 $595,000 Cost

To follow is selected information about The Boston Company for the current year and prior year.

Account

Current

Prior

Net sales revenue

$648,000

$595,000

Cost of goods sold

$414,720

$425,000

Gross profit

$233,280

$170,000

Selling/general expenses

$149,140

$93,500

Net income before tax

$84,140

$76,500

Income tax

$25,920

$22,800

Net income

$ $58,220

$53,700

What is the current year's selling and general expenses percentage (as would be found on a vertical analysis of the income statement for the current year)?

A.95%

B.98%

C.63.93%

D.23.02%

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