Shelcal,Inc.provides the following data for the year 2019: $$\begin{array} { | l | r| }
\hline \text { Net Sales Revenue } & 437,690 \
\hline \text { Cost of Goods Sold } & 255,000 \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places.)
A) 58.46%
B) 58.57%
C) 57.95%
D) 58.26%

Question

Shelcal,Inc.provides the following data for the year 2019: $$\begin{array} { | l | r| } 
\hline \text { Net Sales Revenue } & 437,690 \
\hline \text { Cost of Goods Sold } & 255,000 \
\hline
\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places.)
A) 58.46%
B) 58.57%
C) 57.95%
D) 58.26%

Quizplus · Accepted Answer

The cost of goods sold as a percentage of net sales revenue is calculated as (Cost of Goods Sold / Net Sales Revenue) * 100. So, (255,000 / 437,690) * 100 = 58.26%.

Shelcal,Inc Net Sales Revenue 437,690 Cost of Goods Sold 255,000\begin{array} { | l | r| } \hline \text { Net Sales Revenue } & 437,690 \\\hline \text { Cost of Goods Sold } & 255,000 \\\hline\end{array} Net Sales Revenue Cost of Goods Sold ​437,690255,000​​

Shelcal,Inc $\begin{array} { | l | r| } \hline \text { Net Sales Revenue } & 437,690 \\\hline \text { Cost of Goods Sold } & 255,000 \\\hline\end{array}$