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

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To follow is selected information about the Zebulon Mattress 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 $149,840 $93,500 Net income before tax $83,440 $76,500 Income tax $25,920 $22,800 Net income $57,520 $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. 23.12% B. 6.03% C. 8.88% OD. 64.23%

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