vas XC Question 52 SAIRA. INC. Income Statement $300 Cost of Goods Sold IRO For the Year Ended December 31, 2017 Saira, Inc. has the following income statement (in millions): Net Sales Gross Profit Operating Expenses Net Income Using vertical analysis, what percentage is assigned to cost of Goods Sold? 120 45 $75 Norse of these answer choices are correct 60% 100% 40% Question 53 Nord Company had $375,000 of current assets and 5150.000 of current liabilities before borrowing $70.000 from the bank with Doyable. What effect did the borrowing transaction have on the amount of Nord Company's working capital? 570.000 de