The following information is taken from the financial statements of a company for the current year: On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?
A) 76%
B) 24%
C) 31%
D) 18%

Question

The following information is taken from the financial statements of a company for the current year:  On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?
A) 76% 
B) 24% 
C) 31% 
D) 18%

Quizplus · Accepted Answer

The Answer of The following information is taken from the financial statements of a company for the current year:  On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?
A) 76% 
B) 24% 
C) 31% 
D) 18%

The Following Information Is Taken from the Financial Statements of a Company