Shelcal, Inc. provides the following data for the year 2019: $$\begin{array} { | l | l |}
\hline \text { Net Sales Revenue } & 437,960 \
\hline \text { Cost of Goods Sold } & 257,000 \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)

Question

Shelcal, Inc. provides the following data for the year 2019: $$\begin{array} { | l | l |} 
\hline \text { Net Sales Revenue } & 437,960 \
\hline \text { Cost of Goods Sold } & 257,000 \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)

Quizplus · Accepted Answer

The cost of goods sold as a percentage of net sales revenue is calculated as $\frac{Cost\ of\ Goods\ Sold}{Net\ Sales\ Revenue} \times 100$. Plugging in the numbers: $\frac{257,000}{437,960} \times 100 = 58.68\%$.

Shelcal, Inc Net Sales Revenue 437,960 Cost of Goods Sold 257,000\begin{array} { | l | l |} \hline \text { Net Sales Revenue } & 437,960 \\\hline \text { Cost of Goods Sold } & 257,000 \\\hline\end{array} Net Sales Revenue Cost of Goods Sold ​437,960257,000​​

Shelcal, Inc $\begin{array} { | l | l |} \hline \text { Net Sales Revenue } & 437,960 \\\hline \text { Cost of Goods Sold } & 257,000 \\\hline\end{array}$