Use the following information for questions

-In performing a vertical analysis, the percentage for cost of goods sold is
A)4.4%.
B)40.0%.
C)44.4%.
D)400.0%.

Question

Use the following information for questions 
 
-In performing a vertical analysis, the percentage for cost of goods sold is
A)4.4%. 
B)40.0%. 
C)44.4%. 
D)400.0%.

Quizplus · Accepted Answer

In vertical analysis, the percentage for cost of goods sold is calculated as a proportion of net sales. If cost of goods sold is 44.4% of net sales, then the correct percentage is 44.4%.

Use the Following Information for Questions