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Use the following information for the question below: Accounts receivable $7,500 Total current assets 75,000 Total assets 750,000 Sales 2,100,000 Net sales 1,900,000 Cost of

Use the following information for the question below: Accounts receivable $7,500 Total current assets 75,000 Total assets 750,000 Sales 2,100,000 Net sales 1,900,000 Cost of goods sold 700,000 Net Income 150,000 In performing a vertical analysis, the percentage for cost of goods sold is 7.1%. 36.8%. 33.3%. 93.3%

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