Ferrero Company Reported the Following Information on for the Current

Ferrero Company reported the following information on for the current year: $\begin{array}{|l|l|l|l|}\hline \text { Account } & \text { Current year } & \text { Percentage } & \text { Prior year } \\\hline \text { Net sales revenue } & \$ 360,000 & 100 \% & \$ 300,000 \\\hline \text { COGS } & \$ 223,200 & ? & \$ 240,000 \\\hline \text { Gross Profit } & \$ 136,800 & 38.00 \% & \$ 60,000 \\\hline \text { Selling/General Exp. } & \$ 64,800 & 18.00 \% & \$ 12,000 \\\hline \text { Net income before tax } & \$ 72,000 & ? & \$ 48,000 \\\hline \text { Income Tax } & \$ 3,600 & 1.00 \% & \$ 3,000 \\\hline \text { Net Income } & \$ 68,400 & ? & \$ 45,000 \\\hline\end{array}$

-What would a vertical analysis report with respect to the relationship between current year net sales revenue and COGS?

A) A 7% decrease from prior to current year
B) COGS was 62.00% of net sales revenue.
C) A decrease of $16,800 from prior to current year
D) An increase of $463,200 from prior to current year