Shelcal Inc. provides the following data for the year 2015: $$\begin{array} { | l | r | }
\hline \text { Sales Revenue } & \$ 400,000 \
\hline \text { Sales Returns and Allowances } & 1,200 \
\hline & \
\hline \text { Sales Discounts } & 800 \
\hline \text { Net Sales Revenue } & \$ 398,000 \
\hline
\end{array}$$ On vertical analysis report, cost of goods sold as a percentage of net sales will amount to:
A) 59.42%
B) 61.15%
C) 63.48%
D) 64.07%

Question

Shelcal Inc. provides the following data for the year 2015: $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 400,000 \
\hline \text { Sales Returns and Allowances } & 1,200 \
\hline & \
\hline \text { Sales Discounts } & 800 \
\hline \text { Net Sales Revenue } & \$ 398,000 \
\hline
\end{array}$$ On vertical analysis report, cost of goods sold as a percentage of net sales will amount to:
A) 59.42%
B) 61.15%
C) 63.48%
D) 64.07%

Quizplus · Accepted Answer

The Answer of Shelcal Inc. provides the following data for the year 2015: $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 400,000 \
\hline \text { Sales Returns and Allowances } & 1,200 \
\hline & \
\hline \text { Sales Discounts } & 800 \
\hline \text { Net Sales Revenue } & \$ 398,000 \
\hline
\end{array}$$ On vertical analysis report, cost of goods sold as a percentage of net sales will amount to:
A) 59.42%
B) 61.15%
C) 63.48%
D) 64.07%

Shelcal Inc On Vertical Analysis Report, Cost of Goods Sold as a \begin{array}