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Use the following information for questions 67. Accounts receivable .....$ 2,500 Cost of goods sold........ 200,000 Profit.... ............. 50.000 Net sales .... 450,000 Sales 500,000

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Use the following information for questions 67. Accounts receivable .....$ 2,500 Cost of goods sold........ 200,000 Profit.... ............. 50.000 Net sales .... 450,000 Sales 500,000 Total assets.................. 250,000 Total current assets ...... 25,000 6. In performing a vertical analysis, the percentage for accounts receivable is (a) 0.5%. (b) 1.0% (c) 5.0%. (d) 10.0%. 7. In performing a vertical analysis, the percentage for cost of goods sold is (b) 40.0%. (c) 44.4%. (d) 400.0%

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