Table 18 -5
Olivera Company provides the following data for the year 2017:

-Refer to Table 18-5.On a vertical analysis,what percentage would be shown for cost of goods sold?
A) 59.4%
B) 61.0%
C) 63.4%
D) 64.1%

Name: Table 18 -5 Olivera Company provides the following data for the year 2017: -Refer to Table 18-5.On a vertical analysis,what percentage would be shown for cost of goods sold? A) 59.4% B) 61.0% C) 63.4% D) 64.1%
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Question

Table 18 -5
Olivera Company provides the following data for the year 2017:
 
-Refer to Table 18-5.On a vertical analysis,what percentage would be shown for cost of goods sold?
A) 59.4% 
B) 61.0% 
C) 63.4% 
D) 64.1%

Quizplus · Accepted Answer

B) Calculations: $365,000/($600,000 - $1,200 - $800) = 61%

Table 18 -5 Olivera Company Provides the Following Data for the Year 2017