Shelcal,Inc.provides the following data for the year 2017: $$\begin{array} { | l | r | }
\hline \text { Sales Revenue } & \$ 410,000 \
\hline \text { Sales Returns and Allowances } & 1,000 \
\hline \text { Sales Discounts } & \underline { 830 } \
\hline \text { Net Sales Revenue } & 408,170 \
\hline \text { Cost of Goods Sold } & \underline { 255,000 } \
\hline
\end{array}$$ 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 2017: $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 410,000 \
\hline \text { Sales Returns and Allowances } & 1,000 \
\hline \text { Sales Discounts } & \underline { 830 } \
\hline \text { Net Sales Revenue } & 408,170 \
\hline \text { Cost of Goods Sold } & \underline { 255,000 } \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

The Answer of Shelcal,Inc.provides the following data for the year 2017: $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 410,000 \
\hline \text { Sales Returns and Allowances } & 1,000 \
\hline \text { Sales Discounts } & \underline { 830 } \
\hline \text { Net Sales Revenue } & 408,170 \
\hline \text { Cost of Goods Sold } & \underline { 255,000 } \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places. )

Shelcal,Inc The Cost of Goods Sold as a Percentage of Net