Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r }
\text { Sales revenue } & \$ 400,000 \
\text { Sales returns and allowances } & \$ 1,200 \
\text { Sales discounts } & \$ 800 \
\text { Cost of goods sold } & \$ 255,000
\end{array}$$ 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%

Question

Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } 
\text { Sales revenue } & \$ 400,000 \
\text { Sales returns and allowances } & \$ 1,200 \
\text { Sales discounts } & \$ 800 \
\text { Cost of goods sold } & \$ 255,000
\end{array}$$ 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

The Answer of Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } 
\text { Sales revenue } & \$ 400,000 \
\text { Sales returns and allowances } & \$ 1,200 \
\text { Sales discounts } & \$ 800 \
\text { Cost of goods sold } & \$ 255,000
\end{array}$$ 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%

Olivera Company Provides the Following Data for the Year 2013