Prepare a vertical analysis. Round percents to the nearest tenth of a percent.
-Rosie's Cleaning Service had a cost of goods sold of $48,000, operating expenses of $218,000, and net sales of $365,000.
A) Percent cost of goods sold = 59.7%
Percent operating expenses = 13.2%
B) Percent cost of goods sold = 13.2%
Percent operating expenses = 72.9%
C) Percent cost of goods sold = 72.9%
Percent operating expenses = 13.2%
D) Percent cost of goods sold = 13.2%
Percent operating expenses = 59.7%
Correct Answer:
Verified
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